Crypto Shake-Up: Binance's Trump Talks, LIBRA Scandal, and Ripple's Legal Twist

Binance Reportedly Courted Trump Family, LIBRA Token Creator Faces Arrest Warrant, and SEC May Drop Ripple Case

Binance Approached Trump Family for Stake in Crypto Exchange – Report

In a surprising turn, Binance reportedly reached out to representatives of US President Donald Trump’s family in 2024, exploring a potential business deal that could have given them a stake in the crypto exchange.

According to The Wall Street Journal (WSJ), the move was part of Binance’s broader plan to revive its US operations after facing regulatory hurdles. The report also suggests that Binance’s founder, Changpeng Zhao (CZ), who recently served a four-month prison sentence in the US, has been advocating for a presidential pardon from Trump.

While it remains unclear what form the Trump family's involvement would have taken or whether it was contingent on a pardon, WSJ speculated that the deal could have materialized through World Liberty Financial – a Trump-backed crypto initiative launched in September.

However, just minutes before the WSJ article was published, Trump took to his social media platform, Truth Social, to dismiss the report, calling it "false" and accusing the publication of being influenced by the European Union.

Argentine Lawyer Seeks Global Arrest Warrant for LIBRA Token Creator

Meanwhile, in Argentina, a legal battle over the controversial LIBRA token is heating up. Gregorio Dalbon, a prominent lawyer, has requested that Interpol issue a global arrest warrant – known as a red notice – for Hayden Davis, the co-creator of the LIBRA token.

Dalbon filed the request with prosecutor Eduardo Taiano, who is currently investigating Argentina’s President Javier Milei over his involvement with LIBRA. The token, which surged to a $4 billion market cap after Milei promoted it on social media, later crashed, leading to accusations that its creators orchestrated a pump-and-dump scheme.

Dalbon argues that Davis' financial resources could allow him to flee the US or go into hiding, making an arrest necessary to ensure he faces justice.

SEC Reportedly Moving to Drop Case Against Ripple

In another major development, the US Securities and Exchange Commission (SEC) may be preparing to end its long-running enforcement case against Ripple Labs.

Fox Business reporter Eleanor Terrett revealed in a March 12 post that the case was “in the process of wrapping up” after both sides filed appeals over a $125-million court ruling in August 2024.

Ripple’s chief legal officer, Stuart Alderoty, told Cointelegraph that their case was "far more advanced" than others the SEC had dropped recently, following the departure of former SEC Chair Gary Gensler and the inauguration of President Trump. Since January, the regulator has halted enforcement actions against major crypto firms, including Coinbase, Kraken, and Consensys.

While Alderoty remains optimistic about a resolution, he acknowledged that the appeal process adds complexity. If an agreement isn’t reached, Ripple intends to continue with the legal fight.

Final Thoughts

With Binance's high-profile outreach, Argentina’s LIBRA scandal, and the SEC potentially backing off from Ripple, the crypto landscape is shifting rapidly. As regulators, political figures, and industry leaders collide, these developments could have lasting effects on the future of cryptocurrency in the US and beyond.