US senators ask DOJ, Treasury to consider Binance-Trump ties — Report



A bunch of Democratic senators has reportedly despatched a letter to management on the US Division of Justice and the Treasury Division expressing issues about US President Donald Trump’s ties to cryptocurrency change Binance and potential conflicts of curiosity in regulating the business.

Based on a Might 9 Bloomberg report, Democratic senators asked Lawyer Normal Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as a part of its November 2023 plea agreement with US authorities, amid experiences that Trump and his household had deepened connections with the change.

That settlement noticed Binance pay greater than $4 billion as a part of a take care of the Justice Division, Treasury, and Commodity Futures Buying and selling Fee, and had then-CEO Changpeng “CZ” Zhao step down.