Recent news highlights concerns over President Donald Trump’s ties to Binance, the world’s largest cryptocurrency exchange. Democratic senators, including Elizabeth Warren and Chris Van Hollen, have called for a federal investigation into the Trump family’s crypto venture, World Liberty Financial, and its connections to Binance. The focus is on a $2 billion investment by Abu Dhabi-based firm MGX, which used World Liberty’s USD1 stablecoin to invest in Binance. This deal, announced in March 2025, has raised questions about potential conflicts of interest and Binance’s compliance with its 2023 plea agreement for money laundering violations. Senators have requested updates by May 21, 2025, on Binance’s adherence to regulations and any discussions regarding a potential pardon for its founder, Changpeng Zhao.$USDC