In 2023, crypto exchange Binance and its CEO and founder, Changpeng Zhao, pleaded guilty to violating U.S. money laundering laws. Now, an investigation finds that representatives of President Trump’s family have been in talks to take a financial stake in the U.S. arm of Binance. At the same time, Zhao has pushed the Trump administration to grant him a pardon. WSJ’S Rebecca Ballhaus brings exclusive reporting.
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