【U.S. Senators Urge Treasury and Justice Departments to Investigate Binance's Relationship with Trump】Golden Financial News reports that a group of Democratic senators (including Maryland Senator Chris Van Hollen and Massachusetts Senator Elizabeth Warren) has sent a joint letter to the Treasury Secretary and Attorney General, requesting an investigation into the connection between Binance and the Trump family's digital asset projects. The letter notes that the Abu Dhabi investment firm MXG completed a $2 billion investment in Binance this March through a USD1 stablecoin controlled by the Trump family, raising concerns about compliance risks. In 2023, Binance pleaded guilty to violating anti-money laundering regulations, and its former CEO Zhao Changpeng has served four months in prison. On May 9, Senate Democrats just postponed the passage of the (Stablecoin Bill) on the grounds of 'preventing current officials from profiting from crypto projects.' The joint letter requests the Treasury and Justice Departments to submit explanations on three aspects by May 21: the progress of Binance's compliance with the plea agreement, the timeline for exiting the U.S. market, and whether there have been discussions about pardoning Zhao Changpeng. According to (The Wall Street Journal), representatives of the Trump family had previously negotiated an investment in Binance.US (which Zhao Changpeng has denied). The letter states: 'The idea that this administration may allow Binance to continue operating and expanding in the U.S. is deeply unsettling, especially considering the company’s repeated disregard for federal laws and regulations that protect the safety of Americans.'

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