Bitcoin

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

A group of Democratic senators is said to have sent a letter to the Directorate of the United States Ministry of Justice and the Treasury Department expressing his concerns about the bonds of US President Donald Trump with the cryptocurrency exchange and conflicts of potential interests to regulate the industry.

According to a Bloomberg report on May 9, the Democratic senators asked the Attorney General Pam Bondi and the Treasury Secretary Scott Besse to report on the stages that Binance had taken within the framework of his agreement to advocate in November 2023 with the American authorities, in the midst of the reports that Trump and his family had deepened links with the exchange.

This regulation saw Binance pay more than $ 4 billion in the context of an agreement with the Ministry of Justice, the Treasury and the Commodity Futures Trading Commission, and then dismissed its “CZ” Zhao.