Binance, the largest global encryption exchange, is still under the limitations of a massive action of $ 4.3 billion compliance with the United States, although Senator Elizabeth Warren and other Democrats are asking the Trump administration about the reports that are decreasing in those orders.
In 2023, the main platform of digital assets agreed to establish itself with the US authorities for sanctions violations, insufficient money laundering protections and operate without appropriate licenses, and its leader, Changpeng “CZ” Zhao, declared himself guilty of violations of bank secrecy acts, renouncing the company and serving a brief prison sentence. Warren and two other senators, Richard Blumenthal and Mazie Hirono interrogated Attorney General Pam Bondi in a letter this week, asking about media reports such as Bloomberg News that the company has spoken with the United States about the elimination of its independent compliance monitor.
The senators also raised the continuous financial ties between the family of President Donald Trump and Binance, through their participation in World Liberty Financial.
“These reports make it more important than ever that the public understands the interactions of the Trump administration and the relationship with Binance and its employees,” they wrote, demanding “significant” answers to several questions about the interactions of the United States Department of Justice with Binance, including if a forgive for CZ is being considered.
As the markets contemplated a possible CZ yield, the BNB token binance attached to more than $ 1,000 for the first time, jumping on sun to become the fifth largest cryptocurrency for market capitalization.
The Binance Prosecutor’s Office in the US, where the independent arm Binance.us still operates, occurred under the previous administration, and the arrival of President Trump and his Pro-Crypto options to be regulators and officials responsible for enforcing the law have quickly changed the position of the United States government. Many of the efforts of the previous officials to address the market risks of digital assets and the dangers of their use in illicit finances and drug trafficking have been overcome by the interest of the administration in financial innovation and the establishment of the United States as a global cryptographic center.
In May, the stock exchange and values ​​commission moved to eliminate its long -term demand against Binance.
Read more: BNB reaches $ 1,000 All time as Binance approaches the Department of Justice, the rumors that the return of CZ grows
