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    Home»Crypto News»US senators ask DOJ, Treasury to contemplate Binance-Trump ties — Report
    US senators ask DOJ, Treasury to contemplate Binance-Trump ties — Report
    Crypto News

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

    By Crypto EditorMay 9, 2025No Comments3 Mins Read
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    US senators ask DOJ, Treasury to contemplate Binance-Trump ties — Report

    A gaggle 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 alternate Binance and potential conflicts of curiosity in regulating the business.

    In response to a Might 9 Bloomberg report, Democratic senators requested Lawyer Basic Pam Bondi and Treasury Secretary Scott Bessent to report on the steps Binance had taken as a part of its November 2023 plea settlement with US authorities, amid reviews that Trump and his household had deepened connections with the alternate.

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