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Trump Family Explores Stake in Binance Amid Controversy
According to a report by Rolling Stone, the Trump family, through their crypto venture World Liberty Financial (WLF), has been in discussions about acquiring a financial stake in Binance, the world's largest cryptocurrency exchange. These talks reportedly began last year as Binance sought to reestablish its presence in the U.S. following legal troubles. Binance's founder, Changpeng Zhao, who served a four-month prison sentence in 2023 for financial crimes, has also been seeking a presidential pardon. The Trump family’s involvement in these discussions has raised eyebrows, especially as WLF received a $30 million investment from Chinese-born investor Justin Sun in November 2023. The exact terms of the potential deal remain unclear, but it could involve WLF gaining a significant stake in Binance or receiving a financial windfall. (Source: Rolling Stone, https://www.rollingstone.com/politics/politics-news/trump-family-world-liberty-financial-talked-binance-1235295686/)
Business Insider corroborates these claims, noting that the Trump family’s discussions with Binance align with President Trump’s pro-crypto stance. The talks reportedly involve Steve Witkoff, a close family friend and special envoy to the Middle East, who has been negotiating on behalf of WLF. Binance, which paid $4.3 billion in fines to U.S. authorities in 2023, is looking to rebuild its U.S. operations. The potential deal could see the Trump family leveraging their influence to facilitate Binance’s return to the U.S. market. (Source: Business Insider, https://www.businessinsider.com/binance-trump-stake-crypto-exchange-world-liberty-cz-cryptocurrency-2025-3)
UAE Invests $2 Billion in Binance Amid Pro-Crypto Policies
Semafor reports that the UAE, through its state investment vehicle Mubadala and AI firm G42, has invested $2 billion in Binance in exchange for a minority stake. This marks the first corporate investment of this kind for Binance. The funds will be used to enhance blockchain technology and attract institutional investors. The UAE’s move comes as President Trump’s administration embraces cryptocurrency, with Trump signing an executive order to establish a federal crypto reserve. Binance CEO Richard Teng highlighted the global impact of Trump’s pro-crypto stance, noting a shift from regulatory hostility to acceptance. (Source: Semafor, https://www.semafor.com/article/03/14/2025/the-uaes-2-billion-bet-on-a-pro-crypto-trump)
Coinbase’s Future Amid Market Volatility
Forbes delves into Coinbase’s performance and future prospects, noting that the company’s stock (COIN) has faced significant volatility since its IPO in 2021. Currently trading at around $178, COIN has struggled due to fluctuating cryptocurrency prices and economic uncertainty. However, analysts predict a potential rebound, with a 12-month price target of $327.61. Coinbase has been expanding its institutional platform and subscription services, which could drive growth. The company’s fortunes are closely tied to Bitcoin, which accounts for 32% of its trading volume. Analysts remain optimistic about Coinbase’s long-term prospects, especially with a crypto-friendly administration in the White House. (Source: Forbes, https://www.forbes.com/sites/investor-hub/article/where-will-coinbase-stock-be-next-3-years/)
Sources:
- Trump Family Has Reportedly Explored Cashing in on Controversial Crypto Exchange
- The Trump family has held talks about taking a stake in crypto exchange Binance, report says
- Pi Network Turns 6 But No Binance Listing
- U.S. crypto czar’s $200 million portfolio held Bitcoin, Coinbase, and Robinhood
- Where Will Coinbase Stock Be In The Next 3 Years?
- The UAE’s $2 billion bet on a pro-crypto Trump
