🇺🇸 Democratic senators demand clarification from the US Treasury and Justice Department regarding Donald Trump's connections with #Binance.
Democrats led by Elizabeth Warren and Chris Van Hollen have sent an official letter to the US Treasury and Justice Department expressing concern:
✧ Binance previously admitted guilt in money laundering and sanctions violations, and its former CEO Changpeng Zhao has already served 4 months in the US.
✧ In March, the MGX fund from Abu Dhabi invested $2,000,000,000 in Binance using the USD1 stablecoin issued by the Trump family company.
✧ There is information about negotiations between Binance and Trump representatives regarding a stake in Binance.US and a possible pardon for Zhao.
Senators demand by May 21:
- a report on Binance's compliance with the deal with authorities
- a plan for the exchange to exit the US market
- clarification on negotiations regarding pardons and listing new tokens.
Amid the scandal, Democrats have blocked a bill on stablecoins that lacked restrictions for officials on crypto income.
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