Senator Elizabeth Warren criticizes the Department of Justice for lack of cooperation in the Binance investigation

Senator Elizabeth Warren is demanding that the Department of Justice (DOJ) provide answers regarding the enforcement of the 2023 agreement with Binance and the company's recent ties to the Trump administration. Ms. Warren expressed concern about the lack of cooperation from #DOJ and the failure to address previous questions related to Binance's compliance and the possibility of Changpeng Zhao (CZ) being pardoned.

Unanswered questions

In a letter to Attorney General Pam Bondi, Ms. Warren criticized the DOJ for not answering questions about #Binance compliance with anti-money laundering and sanctions agreements, particularly regarding the company's withdrawal from the U.S. market. She also inquired about the possibility of CZ receiving a pardon, following reports that CZ is actively seeking a pardon from the Trump administration.

These concerns have intensified after reports that Binance is seeking to end its obligation to cooperate with an external compliance monitor. Ms. Warren argues that this makes it more important than ever for the public to understand the relationship between the Trump administration and Binance.

Promoting transparency and fairness

Ms. Warren's move underscores the importance of ensuring that crypto companies strictly comply with regulations and do not engage in illegal activities. This investigation highlights the close scrutiny by lawmakers of the potential relationships between the crypto industry and politics, aiming to ensure a fairer and more transparent market for everyone. #anh_ba_cong