Binance, the world’s largest cryptocurrency exchange, is preparing for a comeback in the U.S., leveraging its potential ties to President Donald Trump and his family. According to The Wall Street Journal, Binance recently met with U.S. Treasury officials to request easing of regulations that have been in place since the company pleaded guilty in 2023 and paid a record $4.3 billion fine for compliance failures. 1 While Canada fined Binance, the penalty was much lower at $4.3 million. At the same time, Binance is exploring an alliance with World Liberty Financial (WLFI), a DeFi venture inspired by Trump that aims to launch a dollar-pegged stablecoin called USD1 on Binance. This partnership could significantly boost the Trumps’ crypto ambitions as they currently face financial losses in the WLFI project, which they control more than 60%. Binance founder Changpeng Zhao met with Eric Trump and Steve Witkoff, co-founders of WLFI, at a private gathering in Abu Dhabi last December. As a result of this, Binance is hoping to roll back strict oversight in exchange for easing Trump administration’s stance on the exchange’s past actions, while the Trumps gain access to Binance’s massive global reach — 250 million users and $65 billion in daily volume. The Wall Street Journal reports that this alliance stems from a private gathering in Abu Dhabi last December.