Binance Under Scrutiny: US Senators Seek Clarification on Trump Family Ties

US lawmakers are demanding transparency from Binance, the leading cryptocurrency exchange, concerning its relationship with Donald Trump’s crypto ventures. Concerns have been raised about potential conflicts of interest and compliance risks, particularly following the announcement of Eric Trump’s plans to use World Liberty Financial’s USD1 stablecoin for a $2 billion investment in Binance. Democratic Senators Chris Van Hollen and Elizabeth Warren wrote to Treasury Secretary Scott Bessent and Attorney General Pam Bondi, highlighting their concerns about the potential connection between the entities.