Has Binance reached an agreement with Trump's team? That's what Senate Democrats asked
Source: CoinWorld
Time: 2025-09-19 03:00:36
Despite the US reaching a $4.3 billion law enforcement settlement, Binance still faces scrutiny from Senators Elizabeth Warren, Richard Blumenthal and Mazzi Hiroo, due to reports that the Trump family may relax compliance regulation and financial ties between them. Senators asked Attorney General Pam Bundy about the Justice Department's interaction with Binance, including whether they are considering pardoning former CEO Changpeng Zhao. Amid speculations about Zhao Changpeng's return, Binance's BNB token soared to more than $1,000, becoming the fifth largest cryptocurrency. The Trump administration's pro-cryptocurrency stance has shifted U.S. regulation to financial innovation.