According to The Wall Street Journal, the family of former US President Donald Trump is considering buying stocks in Binance.US, a move that could expand their influence in the crypto market. This investment may be made directly or through World Liberty Financial, established in September. Trump’s return to the White House has significantly impacted the crypto market. However, this controversial deal may face challenges as Binance admitted to violating anti-money laundering laws in 2023 and paid a $4.3 billion fine to resolve the issues. Meanwhile, MGX, based in the UAE, invested $2 billion in Binance, leading to a 15% increase in Binance Coin (BNB) price in two days. BNB, which recently dropped to $507, has now reached $581. If this trend continues, the next resistance level will be $650. The potential investment of the Trump family in Binance.US, along with CZ’s efforts to receive a pardon, could bring significant changes to the crypto market. These events indicate that the crypto market is still influenced by political decisions and large investments.
