Binance courts Trump ties as it seeks return to US market and pardon for founder
Binance is deepening ties with the Trump family to ease US oversight, list a Trump-backed stablecoin, and seek a pardon for its founder, raising concerns of political favouritism in crypto regulation.
Cryptocurrency exchange Binance is deepening ties with the Trump family as it seeks to re-enter the US market, remove regulatory oversight, and secure a pardon for its convicted founder, Changpeng Zhao. According to people familiar with the matter, Binance executives met with Treasury Department officials last month to request the removal or scaling back of a court-appointed monitor overseeing the company’s compliance with anti-money-laundering laws, the Wall Street Journal reported.
