Binance was embroiled in scandals over allegations of bribing Donald Trump. Democrats in the U.S. Senate, including Elizabeth Warren, are calling for an investigation into Binance's connections with the Trump family following reports of $2 billion investments through the stablecoin $USD1 , linked to World Liberty Financial. This project is supported by the former president's family, raising questions about conflicts of interest. The accusations are based on claims that Binance helped to code and promote USD1, as well as rumors about the exchange's founder Changpeng Zhao (CZ) requesting a pardon from Trump.
Although there is no official evidence of bribery, critics point to a coincidence: after a court fine of $4 billion against Binance in 2023 for violating anti-money laundering laws, the platform is reportedly seeking political protection. Some sources suggest that the deal may have included a stake from the Trump family in the U.S. division of Binance. Meanwhile, Binance and World Liberty deny any collaboration, calling the accusations politically motivated.
This situation undermines trust in the crypto industry and may impact regulation. Experts warn against hasty conclusions but insist on transparency. The true intentions of the parties remain in question.
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