Several sources claim that Binance secretly facilitated the creation and launch of the USD1 stablecoin linked to the Trump family. The platform allegedly wrote the technical infrastructure of the token and facilitated promotion, including investing $2 billion. This occurred shortly before Changpeng Zhao (CZ) sought a presidential pardon. Although Binance denies these connections, and World Liberty considers the allegations politically motivated, the information raises serious questions about transparency and ethics.
The SEC has officially withdrawn the lawsuit against Binance
The U.S. Securities and Exchange Commission (SEC) has withdrawn its lawsuit against Binance and CZ, filed in 2023 for orchestrating the trading of unregistered securities. The lawsuit was closed after a $4.3 billion fine was paid and sentences, including a 4-month imprisonment for CZ. This is seen as a significant shift in the regulator's policy under new oversight.
📌 What does this mean for Binance Square?
1. New dynamics of trust. The withdrawal of the SEC lawsuit increases trust in Binance from investors and regulators.
2. Increased attention to social media platforms. If the allegations about USD1 are confirmed, this could seriously damage Binance's reputation and trust in platforms like Binance Square.
3. Opportunities for Binance Square. With the regulatory battles won, Binance can enhance its social media initiatives, such as Square, to strengthen its position in the eco-friendly crypto community.
🔍 Summary
🚩 The USD1 scandal is a serious reputational risk for Binance.
✅ SEC victory — a regulatory trump card that strengthens the platform's legal confidence.
📱 Binance Square can more actively leverage this moment to position itself as a safe and transparent community hub.
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