Binance Asks for Increased Control and Collaboration in US Market

Binance, a leading cryptocurrency exchange, has requested increased autonomy from US authorities. The company sought to loosen oversight during meetings with the U.S. Treasury Department, aiming for greater flexibility in its operations within the US market. This was part of broader discussions with World Liberty Financial, a firm backed by former President Donald Trump, exploring potential collaboration on new cryptocurrencies. Binance also requested the removal of an independent observer appointed to monitor their compliance with anti-money laundering laws. These meetings indicate a desire to operate more independently in the US, reflecting a strategic shift after recent legal challenges and regulatory scrutiny.