No, this doesn't really make sense. We can and do entangle things which are definitly not moving at the speed of light all the time. So your premise doesn't work.

Also, there aren't any valid frames of reference moving at the speed of light. It doesn't make sense to talk about something "from the perspective of a photon". Just look at the lorentz factor: you're dividing by 0. The only thing you can really talk about is what happens as you approach the speed of light. You could say that time freezes in the limit perhaps.