Despite the criminal proceedings against Binance, US President Donald Trump was interested in an introduction to the Crypto Tour, according to a newspaper report. Representatives of the Trump family had negotiated a participation in the American subsidiary of the Crypto Tour.
The “Wall Street Journal” wrote on Thursday. In addition, Binance boss Changpeng Zhao, who was guilty of money laundering and sentenced to four months in prison, insisted the president. Neither Binance nor Trump representatives were achieved for the first time for a comment on this subject.
Last year Binance Trump trusts approached to make the return of the Crypto Tour to the US as part of a deal, the “WSJ” continued. However, the details of a participation of the Trump family are just as unclear as the question of whether the grace would be a condition for an agreement. Zhao was guilty at the end of 2023 in a criminal proceedings against Binance. At that time, this procedure was resolved for a payment of a good four billion dollars (3.7 billion euros).
Lofed Regulation by “Crypto President” Trump
Trump has long been criticized for possible conflicts of interest around the cryptocurrencies. He had received countless donations from the industry for his election campaign and promised to become the first “crypto president”, among other things. In the meantime, he has launched his own cyber coins with “$ Trump” and is favorable for a company that sells virtual shares. He also nominated Paul Atkins, who was considered crypto-friendly.
As a sign of a detached regulation for the sector, experts evaluated the announcement of the SEC Stock Exchange Supervision a few weeks ago to have the procedure against Bony for the time being due to the operation of an illegal stock market. Trump also ordered the establishment of a national cryptocurrency reserve.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
