Binance Seeks Less Government Scrutiny, Eyes Trump Ties in Crypto Deal

Binance’s leadership, including CEO Richard Teng and Chief Legal Officer Eleanor Hughes, has requested a scaled-back oversight from U.S. Treasury officials. This request comes alongside the exploration of a partnership with World Liberty Financial (WLF), a crypto company reportedly backed by the Trump family. The move seeks to reduce government monitoring following Binance’s $4.3 billion settlement in 2023, stemming from years-long federal investigation into AML violations.