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Seeds of Wisdom
TRUMP FAMILY ALLEGEDLY IN TALKS TO ACQUIRE BINANCE US STAKE AS CZ ‘SEEKS’ PARDON – REPORT
A recent report alleges that the Trump Family has been in talks to take a stake in crypto exchange Binance’s US arm, which could facilitate the company’s return to the country. Simultaneously, the exchange’s co-founder, Changpeng Zhao, also known as “CZ,” has allegedly been “pushing” for a pardon from the T------------------n.
Trump Family In ‘Deal Talks’ For Binance US Stake?
On Thursday, The Wall Street Journal (WSJ) reported that representatives of US President Donald Trump’s family have held talks to acquire a financial stake in Binance US since 2024. According to people familiar with the matter, the talks allegedly began as part of the global exchange’s plan to return to the US.
Binance reportedly contacted Trump’s camp, offering a business deal with the Presidential Family. The company “began exploring a return to the U.S. market last year around the time of Trump’s e------n win” and “told people it was willing to make a deal with Trump’s company and wanted to eliminate its legal problems,” the report states.
However, it was unclear how the Trump family stake would come together if they struck a deal. The WSJ sources said the options included the deal going through the Trump family crypto venture, World Liberty Financial (WLF).
Moreover, Steve Witkoff, the United States Special Envoy to the Middle East, was seemingly involved in the deal talks. Witkoff is a co-founder of WLF, but a T------------------n official denied any involvement, adding that he is “in the process of divesting from his business interests.”
The report claims that “After Trump won, Binance set up a working group under CEO Richard Teng, which included senior legal and compliance staff, to assess options. Executives knew that Zhao’s conviction complicated any return, as it would be difficult to sign up new commercial partners in the U.S. with a felon as a majority shareholder.”
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As a result, the company executive “saw a potential legal playbook in the saga of Justin Sun,” who recently had the Securities and Exchange Commission (SEC) pause its lawsuit against him. This route consisted of “a cash infusion into World Liberty Financial in exchange for a pardon for Zhao,” the sources told the news media outlet.
CZ Denies Claims Of “Pushing” For A Pardon
The report also stated that Changpeng Zhao, Binance’s co-founder and largest stakeholder, has been “pushing for the T------------------n to grant him a pardon” amid the deal talks, which allegedly continued after the US President’s inauguration.
The news caused outrage among several crypto investors, who considered the potential financial deal for a pardon “the cherry on top” of the recent TRUMP and MELANIA memecoin controversies.
CZ responded to the report, denying the a---------s. In an X post, he stated, “The WSJ article got the facts wrong.” He explained that over 20 people informed him they had been asked to confirm the “deal for a pardon” by the WSJ and other media outlets.
According to the Binance founder, he has not discussed a Binance US deal with anyone but noted, “No felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA charge.”
To him, “they tried hard to make a story to report,” while the article feels like “an attack on the President and crypto, and the residual forces of the ‘war on crypto’ from the last administration are still at work.”
Meanwhile, Bloomberg reported on Thursday thatWLF “has discussed doing business with the world’s largest digital-asset exchange, Binance Holdings Ltd., according to four people with knowledge of the talks.”
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The article stated that it is unclear what stage these discussions reached but included the possibility of the crypto exchange developing a US-backed stablecoin with the Trump Family’s crypto venture.
@ Newshounds News™
Source: Bitcoinist
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BRAZIL TO PUSH CRYPTOCURRENCY AS A PRIORITY FOR INTERNATIONAL BRICS TRADE
Brazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this year. Local media stated this would be a priority for the South American giant’s plans for the organization.
Brazil to Push Hard for Crypto Implementation in BRICS Trade
The agenda of Brazil as president of the BRICS bloc will feature an unlikely topic: crypto. Brazilian authorities are preparing to introduce proposals for the organization to consider cryptocurrency as a solution for international settlements both inside and outside the bloc.
Local journal “O Globo” noted that this topic would be a priority as Brazil is now the President of BRICS, taking the mantle from Russia. The proposal would support the need to expedite financial transactions among group members, and reduce the dependence on foreign currencies like the U.S. dollar.
While the idea of a BRICS common currency was floated before, with economists like Jim Rickards predicting it would leverage gold to undermine the dollar, this has not been suggested. Instead, BRICS is focusing on designing an efficient payment system to make use of digital national currencies or even stablecoins, which are already being used in international settlements, though informally.
President Donald Trump opposed the BRICS currency idea, proposing a 100% tariff regime if the organization abandoned the U.S. dollar for a new currency, defending the dollar’s role as the world’s trading coin.
Brazil could also present a system like Pix, that uses different networks and systems based on fiat currencies. Nonetheless, this might raise worries about the sovereignty and independence of the system, as fiat currencies might be subject to different regulatory standards.
Russian officials have confirmed that BRICS is indeed taking this as a priority, hosting talks to determine the best course of action in this regard. Last month, Russian Foreign Minister Sergey Lavrov stressed that President Luis Inacio Lula Da Silva had taken the initiative in this field, examining the creation of a so-called transborder payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure.
@ Newshounds News™
Source: BitcoinNews
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Source: Dinar Recaps
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RIPPLE BREAKS GROUND IN MIDDLE EAST: SECURES FIRST PAYMENT LICENSE
▪ Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA).
▪ Ripple’s Middle Eastern expansion strategy started backin 2020 when the company established its regional headquarters in the DIFC.
Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA). With this approval, Ripple can tap into UAE’s $40 billion cross-border payments market.
On 13 March 2025, Ripple announced unlocking fully regulated cross-border crypto payments in the UAE, “bringing faster, cheaper, and more transparent transactions to a $40B market.”
Commenting on the development, Ripple CEO Brad Garlinghouse said, “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.”
“Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit,” he added.
Ripple’s First License In The Middle East
The company receiving operational rights within the Dubai International Financial Centre (DIFC) means that Ripple’s global payments product will be available for businesses in the UAE.
Welcoming Ripple to the Middle East, Arif Amiri, DIFC CEO said, ”We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC.”
Ripple’s Middle Eastern expansion strategy started back in 2020 when the company established its regional headquarters in the DIFC.
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“As the Middle East, Africa and South Asia’s leading global financial centre, DIFC is proud to support forward-thinking companies like Ripple as they shape the future of finance and accelerate the adoption of blockchain technology in the payments industry,” said Amiri.
UAE : Global Hub For Outbound Finance With $400bn+ Market For International Trade
Notably, Ripple insists that it is seeing increasing demand from across the Middle East, “from crypto-native firms and traditional financial institutions alike.”
According to a 2024 business survey carried out by Ripple, 64% of Middle East and Africa (MEA) finance leaders see faster payments and settlement times as the biggest value proposition for incorporating blockchain-based currencies into their cross-border payments business.
“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s Managing Director for Middle East and Africa.
@ Newshounds News™
Source: 99 Bitcoins
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BINANCE FOUNDER CZ DENIES TRUMP FAMILY INVESTMENT, PARDON TALKS
The Wall Street Journal reported that representatives of the Trump family were in talks with Binance to take a stake in the exchange giant’s U.S. arm. Reported in this morning’s Dinar Recaps Blog, Source: Bitcoinist
Representatives for the family of U.S. President Donald Trump are holding discussions with Binance about investing in its U.S. arm, according to a Wall Street Journal report on Thursday.
The WSJ said that the exchange giant’s founder Changpeng “CZ” Zhao, who is the firm’s largest shareholder, was also seeking a pardon, citing people familiar with the matter. Zhao, who was then the company’s CEO, pleaded guilty on money laundering charges in November 2023 and served four months in prison.
Zhao denied the WSJ report in an X post.
“The WSJ article got the facts wrong,” he wrote Thursday. “Fact: I have had no discussions of a Binance US deal with…well, anyone.“
@ Newshounds News™
Read more: Decrypt
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KENTUCKY SENATE PASSES BILL PROTECTING BITCOIN SELF-CUSTODY RIGHTS
Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the legislation, titled AN ACT relating to blockchain digital assets (HB 701), now moves to the Governor’s desk for final approval.
Sponsored by Representatives Adam Bowling and T.J. Roberts, the bill affirms the right of individuals to self-custody digital assets through self-hosted wallets. Additionally, it prevents local zoning laws from discriminating against digital asset mining businesses, ensuring that Bitcoin miners can operate freely within the state.
The bill outlines several key provisions, including:
▪ Protection for Bitcoin self-custody: Individuals have the legal right to use and store digital assets in self-hosted wallets.
▪ Prohibition of discriminatory zoning laws: Local governments cannot impose zoning changes that unfairly target digital asset mining businesses.
▪ Exemptions from money transmitter licensing: Home Bitcoin miners and digital asset mining businesses are exempt from Kentucky’s money transmitter requirements.
▪ Clarification of securities laws: Digital asset mining and staking as a service are explicitly not classified as securities under Kentucky law.
After passing through the Kentucky House with a 91-0 vote on February 28, 2025, the bill moved swiftly through the Senate. The March 13 vote saw full bipartisan support, with 37 senators voting in favor, zero opposed, and one not voting.
The legislation now awaits the Governor’s signature, which would officially enshrine Bitcoin self-custody protections and digital asset mining rights into Kentucky law. If signed, Kentucky will become one of the more Bitcoin-friendly states in the country, setting a precedent for other states to follow.
@ Newshounds News™
Source: Bitcoin Magazine
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Source: Dinar Recaps
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