Scandal: Binance, Trump and $2 billion in cryptocurrency

On May 15, 2025, three leading Democratic senators — Elizabeth Warren, Dick Durbin, and Richard Blumenthal — demanded explanations from the Trump administration regarding a potential conflict of interest related to Binance and its founder Changpeng Zhao (CZ).

The essence of the scandal: CZ, previously convicted in the U.S. for violating anti-money laundering laws, filed a petition for presidential pardon. At the same time, World Liberty Financial, linked to the Trump family, received $2 billion in investments from a fund in the UAE through the stable cryptocurrency USD1. These funds were directed towards investments in Binance, raising suspicions about a possible connection between CZ's pardon and the financial interests of the Trump family.

The senators expressed concern about the transparency and legality of these actions, especially considering the potential impact on cryptocurrency legislation.

This situation could have serious consequences for Binance's reputation and cryptocurrency regulation in the U.S. 

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