Binance Seeks to Lift AML Monitoring and Partners with Trump Family's Crypto Project
Binance has requested the U.S. Treasury to end its AML monitoring, following a $4.3B fine for violations in 2023.
The exchange is also in talks with Trump family’s World Liberty Financial to list their upcoming USD1 stablecoin on Binance’s BNB blockchain.
Binance aims to re-enter the U.S. market through these collaborations.
Political Concerns
Changpeng Zhao (Binance CEO) and the Trump family have connections raising concerns about political influence and regulatory leniency.
Justin Sun (Tron founder) is also involved with World Liberty Financial, with discussions about SEC’s case against him.
