Binance token rises following report that Trump family has discussed stake in the crypto exchange

The structure of any potential Trump stake remains uncertain, but the Journal's sources said one possibility being considered is routing it through World Liberty Financial, a crypto venture backed by the First Family. World Liberty funnels 75% of profits to Trump-related entities. It's also unclear whether the arrangement is directly tied to a potential pardon for CZ.
The news comes as Binance fights to rebuild credibility after its $4.3 billion regulatory settlement. If a deal goes through, it could mark a dramatic comeback for Binance.US — just as Trump moves to roll back regulations that have weighed on the crypto industry.
Steve Witkoff, a real estate investor and longtime Trump associate now working as his top negotiator in the Middle East, has reportedly been involved in the talks, according to the Journal, citing unnamed sources familiar with the matter.
The White House did not immediately respond to a request for comment from CNBC.
Read the full Wall Street Journal story here: Trump Family Has Held Deal Talks With Binance Following Crypto Exchange's Guilty Plea