The discussions for a stake in Binance’s U.S. arm come as founder Changpeng Zhao has pushed for the administration to pardon him for his own 2023 guilty plea.

Binance’s BNB token climbed after a Wall Street Journal reported that the Trump family is in talks to secure a financial stake in Binance’s U.S. arm. Such an arrangement would link them to a firm that pleaded guilty to violating anti-money laundering laws in 2023.

Discussions between the family’s World Liberty Financial and the world’s largest digital-asset exchange are said to include possible work on new stablecoin.