The post Is Trump Protecting Binance? US Lawmakers Push DOJ for Clarity appeared on BitcoinEthereumNews.com.

Crypto is no longer just about money or tech anymore, it’s now a big part of politics, too. A fresh storm is brewing in Washington as top U.S. senators raise red flags over Donald Trump’s rising influence in crypto. They are asking questions about his reported links with Binance, one of the biggest crypto exchanges in the world.  And they want answers fast. US Senators Question Trump’s Crypto Ties With Binance Democratic lawmakers, including Senator Elizabeth Warren and Chris Van Hollen, have raised serious concerns about President Donald Trump’s growing connection with the crypto world, especially with Binance, the world’s biggest crypto exchange.  Eventually, the concern came right after news broke that MGX, an investment firm from Abu Dhabi, plans to use a stablecoin called USD1, linked to Trump’s crypto venture, World Liberty Financial (WLFI), to invest $2 billion in Binance. It’s not just about the money. Lawmakers are asking whether Trump and his allies might be influencing crypto policy behind the scenes. And that has some people worried. Binance’s History Raises Concerns Let’s not forget, Binance recently had to pay $4.3 billion in fines in a settlement with U.S. regulators. Its former CEO, CZ Zhao, also had to step down and serve a 4-month prison sentence, along with a $50 million personal fine.  This has made the senators question whether Trump is trying to protect Binance or benefit from the exchange. Also Read :   Trump Slashes China Tariffs to 80% Ahead of May 10 Trade Talks   , Trump’s Crypto Moves Raise Eyebrows Adding to the controversy, Trump has become increasingly active in the crypto world. From launching his own memecoin project that’s already pulled in millions from fees to hosting private dinners for top trump memecoin holders on May 22. And with his family’s crypto company behind…

---

Filed under: News - @ May 10, 2025 9:21 am