The Trump family would be in conversation to invest in Binance. The discussions revolve around the family who take an interest in the American arm of the crypto exchange, which had been guilty of violating anti-money laundering laws and whose founder, Changpeng Zhao, was time in prison, according to the Wall Street Journal. (It is unclear whether a deal would require ZHAO grace.) The conversations further underline the ties between the Trump family and the crypto industry, which spends millions to support Trump, a connection that critics have said it is a conflict of interest.
The Goldman chef also wants more clarity
The annual letter from Goldman Sachs to the shareholders is out and Dealbook has emphasized important quotations from the CEO of the Bank, David Solomon.
Solomon did not specifically cried Trump or his main spinning tariff movements, but recognized recent market volatility:
Participants in the financial market continue to recognize the competitiveness of the US economy and the possibilities for continuing growth. But as we have seen in recent weeks, the area can shift quickly.
Worldwide growth is impeded by inflation, an escalation in potential rates and the toll of geopolitical tensions and long -term conflicts in several regions.
He wants more clarity from the Trump government, Something many CEOs have asked for:
Although policy uncertainty can be expected from an administration within the first few months, it is important that policy positions become clearer, so that companies can make the decisions they need for planning and investments in the longer term. Many CEOs that I am doing evaluate the potential impact on their top and bottom lines, and as a result we see some of our business customers more cautiously until they have more clarity.
Solomon still thinks there is a appetite for making deal, Despite a slow start of the year and instructions by Trump's regulatory enforcers that they will continue to tie deals:
In the past year, when I would talk to CEOs, almost all of them felt the regulations on their company. After the results of the American elections last year, however, there was a meaningful shift in CEO sentiment, especially in America. Given the expected change in the legal environment, the hunger for Dealing has increased and that could stimulate the activity of the capital markets in 2025.
He suggested that Europe finished the regulations, When he noticed that growth there was lagging behind in the United States (a point with which leaders of the European Union also walked):
When we speak with leaders from the region, we hear a renewed sense of urgency to unlock the forces of dynamics and innovation. My hope is that European leaders have the public support and political will to spend the necessary structural reforms to increase growth.
Solomon also praised Goldman's own strengths, With reference to the performance and discipline of the bank. He writes that Goldman has returned to a “path to the generation of mid-teenagers through the cycle” and has celebrated the return of 380 employees as “Boomerang Hires”.
