Binance, the world’s largest exchange in crypto, is still under the constraints of a massive United States application of $ 4.3 billion, although senator Elizabeth Warren and other Democrats ask the Trump administration on the reports that this is released on these orders.
In 2023, the main platform of digital assets agreed to settle with the American authorities for violations of the sanctions, insufficient money laundering and operated without appropriate license, and his leader, Changpeng “CZ” Zhao, pleaded guilty to violations of the law on banking secrecy, the resignation of society and a brief prison sentence. Warren and two other senators, Richard Blumenthal and Mazie Hirono, interviewed the Attorney General Pam Bondi in a letter this week, posing points of sale, in particular Bloomberg News that the company spoke in the United States to drop its instructor of independent compliance.
Senators also increased continuous financial links between the family of President Donald Trump and Binance, thanks to their participation in World Liberty Financial.
“These reports make more important than ever that the public understands the Trump administration’s interactions with interactions and the relationship with Binance and its employees,” they wrote, demanding “significant” answers to several questions about the interactions of the US justice ministry with Binance, especially if forgiveness is examined for CZ.
While the markets envisaged a potential return of CZ, the BNB token linked to the Binance exceeded the first time by $ 1,000, jumping over soil to become the fifth largest cryptocurrency by market capitalization.
The continuation of Binance in the United States, where the independent arm of Binance.us is still operating, occurred under the previous administration, and the arrival of President Trump and his pro-scriptwriting choices to be regulators and officials of the law enforcement quickly moved the position of the American government. Many efforts of previous officials to combat the risks of the digital asset market and the dangers of their use in illicit finance and drug trafficking have been exceeded by the interest of the administration for financial innovation and the establishment of the United States as Crypto Hub.
In May, the Securities and Exchange Commission decided to lower its longtime trial against Binance.
Read more: BNB reaches $ 1,000 high to top as Binance is approaching the Doj’s offer, rumors on the return of CZ increase
