💣 President "ripping off the chives"? Trump suspected of profiting from Binance, igniting Congressional fury🔥
After taking office, Trump’s "currency" soared 💰, launching his own memecoin and a family-backed stablecoin, attracting funds from Abu Dhabi to pour into Binance. Senators are outraged ⚠️, accusing the president of turning regulatory power into a profit-making tool, co-signing a letter to the Department of Justice and the Department of the Treasury, questioning whether Binance has truly fulfilled its settlement agreement 📄.
Senators angrily criticized the halting of the GENIUS bill, claiming it is opening a backdoor for Trump 👀. Reports indicate that Zhao Changpeng has requested a pardon from Trump, possibly returning to the core of the crypto world 💼. A non-partisan organization has warned that a large portion of the president's assets is linked to cryptocurrencies 📊, with regulation and wealth intertwined, potentially allowing national interests to be hijacked by private wealth ⚖️.
As the Congressional storm escalates, the gray area between American politics and cryptocurrency is becoming a new powder keg 💥. Regulation or protectionism? The whole world is watching.