Crypto is no longer just a matter of money or technology, it is now a large part of the policy. A new storm is preparing in Washington while the best American senators raise red flags on the growing influence of Donald Trump in crypto. They ask questions about his links reported with Binance, one of the greatest exchanges of cryptography in the world.
And they want answers quickly.
American senators question Trump’s cryptographic links with the binance
Democratic legislators, including senator Elizabeth Warren and Chris Van Hollen, have raised serious concerns concerning the growing bond of President Donald Trump with the cryptographic world, in particular with Binance, the greatest exchange of crypto in the world.
Finally, the concern came just after the news announced that MGX, an investment company from Abu Dhabi, plans to use a stablecoin called USD1, linked to the Crypto-enterprise of Trump, World Liberty Financial (WLFI), to invest $ 2 billion in Binance.
It’s not just about money. Legislators ask if Trump and his allies could influence cryptography policy behind the scenes. And it has worried people.
Binance’s story raises concerns
Let us not forget, Binance recently had to pay $ 4.3 billion in fines in regulations with American regulators. His former CEO, CZ Zhao, also had to resign and serve a sentence of 4 months in prison, as well as a personal fine of $ 50 million.
This made the senators wonder if Trump tries to protect the binance or to benefit from the exchange.
Trump cryptography movements increased the eyebrows
Adding to the controversy, Trump has become more and more active in the world of cryptography. From the launch of his own same project which has already shot millions of costs at the reception of private dinners for the best holders of Trump Mecoin on May 22.
And with the cryptographic society of his family behind the stablecoin USD1 now linked to an investment in binance, his presence in the world of digital assets is difficult to ignore.
Senators demand clear answers
All of this controversy started when the United States has tried to have new cryptography rules. Senator Elizabeth Warren blocked a vote on a internship bill called the law on engineering. Warren said legislators should not help “facilitate this type of corruption” without asking difficult questions.
Senator Warren now requests the Ministry of Justice and the Treasury a full update. They want to know:
- Does Binance follow its legal agreement?
- Does it really leave the United States? If so, then when?
- If Trump’s stable is pushed for lists on Binance?
- Has anyone talking about forgiveness for CZ?
They asked for an answer before May 21.
