Deep Tide TechFlow News, on May 9, according to Bloomberg, a group of Democratic senators (including Maryland Senator Chris Van Hollen and Massachusetts Senator Elizabeth Warren) sent a joint letter to the Treasury Secretary and the Attorney General, requesting an investigation into the relationship between Binance and the Trump family's digital asset project.

The letter pointed out that the Abu Dhabi investment company MXG completed a $2 billion investment in Binance this March through a USD1 stablecoin controlled by the Trump family, raising concerns about compliance risks. Previously, in 2023, Binance pleaded guilty to violating anti-money laundering regulations, and CZ has served four months in prison.