According to Wall Street Journal report, Binance and President Donald Trump has just struck an agreement which would dictate that the President turn a blind eye to all of Binance's criminal offenses in exchange for a crucial push to make World Liberty Financial's the world's most powerful stablecoin.

Apparently , negotiations between the two parties started back in December last year, where Binance's founder Changpeng "CZ" Zhao first met Trump's two sons, Eric and Trump Jr. Shortly after the meeting, the negotiation between Binance and World Liberty Financial accelerated in the following months.

The evolving crypto landscape

This deal comes in light of President Trump's revolution of the U.S crypto industry and his efforts to make the U.S landscape more cordial towards the crypto industry.

One of the ways Trump has been showing his support for the crypto industry is by granting pardons to top crypto executives, who have been previously persecuted by the previous Biden administration. The list of crypto leaders includes BiMEX co-founder Arthur Hay, the founder of Silk Road Ross Ulbricht among many others.

Similarly, Binance is now hoping that the president would extend the same grace to the world's largest exchange. Trump's presidential power would also help the company to escape its legal troubles.

According to insiders, executives from the crypto exchange Binance has met with U.S treasury officials last month in Washington to discuss easing government oversight on the company, while also exploring business transaction with Trump's family crypto enterprise.

The investigation has caused the company to lose a record $4.3 billion in fines for allowing terrorists, drug traffickers and sanctioned entities to transfer billions of dollars through its exchange.

This would also mark the company's first step to return to the U.S market, having pleaded guilty in 2023 for violating anti-money laundering laws.

For World Liberty financial, Binance's market influence could help it become a significant player in the crypto industry. World Liberty Financial, co-founded by members of the Trump family and real estate mogul Steve Witkoff, aims to leverage Binance’s massive user base of over 250 million and its daily transaction volume of $65 billion.

Dubbed USD1, this stablecoin could potentially rival industry giants like Tether and Circle, while generating billions in profits for the Trump family.

For the Trump family, this partnership represents a golden opportunity to cement their influence in the burgeoning crypto industry.

Regulatory rollbacks, signalling a new era for crypto?

The timing of these developments coincides with sweeping changes in U.S. cryptocurrency regulations under the Trump administration.

In recent weeks, the Justice Department disbanded its cryptocurrency division and suspended its corporate oversight program—moves that critics argue could weaken safeguards against financial crimes.

However, not all hurdles have been cleared for Binance. Treasury-appointed regulators remain a significant obstacle, with ongoing disputes over access to company records and employee interviews.

Despite these challenges, insiders report that Binance executives are optimistic about securing favorable outcomes under Trump’s leadership.

As Binance and World Liberty Financial forge ahead with their plans, industry observers remain divided on what this partnership means for the future of cryptocurrency. Supporters argue that it represents a bold step toward mainstream adoption and regulatory reform. Critics, however, warn that it could set a dangerous precedent by prioritizing political alliances over ethical practices.

One thing is clear: this high-stakes collaboration between Binance and the Trump family is reshaping the crypto landscape in ways that will reverberate for years to come.