Changpeng Zhao, the founder of the cryptocurrency exchange Binance, is reportedly in talks to have the Trump family buy a stake in his firm and have the White House offer him a pardon related to a 2023 money-laundering case against his company.
Zhao reportedly sees the moves as a way to both get back into the U.S. market and make doing business abroad easier, after the company in 2023 pleaded guilty to violating anti-money laundering requirements and paid $4.3 billion, sources told The Wall Street Journal.