Binance is exploring a comeback into the US, with discussions including reducing CZ’s stake, which insiders say has complicated expansion into key states. The postBinance is exploring a comeback into the US, with discussions including reducing CZ’s stake, which insiders say has complicated expansion into key states. The post

Binance Weighs US Reset as CZ Stake Seen as Expansion Hurdle

  • Binance is reportedly considering reducing co-founder Changpeng “CZ” Zhao’s majority stake to resolve regulatory hurdles that prevent the exchange from expanding into key US states.
  • The company is exploring strategic partnerships with U.S. firms like BlackRock and the Trump-linked World Liberty Financial (WLFI) to strengthen its domestic market position.
  • Speculation about a U.S. return intensified following a presidential pardon for Zhao, though the move faces sharp criticism from Democratic lawmakers who view the expansion as a political favour.

Binance is weighing changes to its ownership and business relationships as it looks to rebuild and expand its presence in the US, Bloomberg reported, citing people familiar with the matter.

One option under discussion is reducing co-founder Changpeng “CZ” Zhao’s majority stake in the exchange. The report said Zhao’s controlling ownership has been a major obstacle to Binance expanding into some strategically important US states. Talks are ongoing and no final plan has been set.

Read more: Binance CEO Richard Teng Denies Role in Trump-Linked Stablecoin Deal

A Few Options on the Table

Binance is also considering partnerships with US-based firms to strengthen its position, the report said. Potential partners mentioned include asset manager BlackRock and Web3 platform World Liberty Financial (WLFI), which is linked to US President Donald Trump.

Moreover, the speculation about Binance returning to the US picked up in October after Trump pardoned Zhao, as Crypto News Australia reported. After the pardon, Zhao posted that he would help “make America the capital of crypto” and support broader Web3 adoption.

Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice. Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide.

Changpeng “CZ” Zhao

The pardon triggered criticism from some Democratic lawmakers. Senator Elizabeth Warren called it “corruption,” while Congresswoman Maxine Waters described it as pay-to-play and accused Trump of doing political favors for the crypto industry. 

The pushback highlights that parts of the Democratic Party remain resistant to the crypto industry’s expansion and could oppose any move by Binance to re-enter the US market.

Read more: Pakistan Courts Binance to Tokenise $2B in State Assets and Launch Stablecoin

The post Binance Weighs US Reset as CZ Stake Seen as Expansion Hurdle appeared first on Crypto News Australia.

Market Opportunity
Talus Logo
Talus Price(US)
$0.01176
$0.01176$0.01176
-3.28%
USD
Talus (US) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.