WSJ questions Trump's use of family company to bribe CEX

On March 13, according to the Wall Street Journal, it was reported that representatives of U.S. President Trump had negotiated an investment in the Cryptocurrency trading platform CEX.US, with possibilities including the Trump family holding shares or conducting transactions through World Liberty Financial. The article indicates that Trump is increasingly blurring the boundary between the presidential position and business activities, and conducting business transactions with CEX's largest shareholder CZ, who is seeking government pardon, will create unprecedented overlaps between his business and the government. For the Trump family, holding shares in CEX.US would give them the opportunity to participate in the potential revival of the U.S. Cryptocurrency trading market, as the Cryptocurrency industry is thriving with the U.S. government lifting regulatory threats. CEX.US's business plummeted sharply after regulatory actions, and it began exploring a return to the U.S. market around the time of Trump's victory last year. According to sources, the company indicated its willingness to reach a protocol with Trump's company and hoped to eliminate its legal issues. After Trump's victory, CEX established a working group led by CEO Richard Teng, including senior legal and Compliance personnel, to evaluate various options. The Wall Street Journal stated in the article that last month, after Justin Sun invested in World Liberty Financial and became its largest investor, the U.S. Securities and Exchange Commission (SEC) requested the court to suspend the fraud lawsuit against Sun and his three companies. According to a source, senior management at CEX was internally discussing whether to take the same route: injecting funds into World Liberty Financial in exchange for a pardon for CZ.