Binance, the world’s largest cryptocurrency exchange, has requested eased regulatory measures from US authorities. The company met with US Treasury officials in March, seeking to reduce the strict oversight imposed by the government, following sanctions due to past regulatory violations. Binance CEO Richard Teng and legal officer Eleanor Hughes proposed eliminating one of the two existing oversight mechanisms currently impacting the exchange, aiming to lessen both the scope and duration of scrutiny. The company argues that current regulations are unnecessarily costly and complex for its operations. This request comes amidst ongoing market scrutiny and a new stablecoin project tied to the Trump family’s World Liberty Financial . Binance asserts that this initiative will provide millions with access to dollars, despite some similarities to existing stablecoins. Market participants closely watch these discussions as they could significantly influence the cryptocurrency landscape.