Seven Democratic Senators sent a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi, expressing concern over the lack of regulatory oversight for Binance, which has recently settled federal violations for $4 billion and agreed to a three-year compliance program. Former CEO Changpeng Zhao served prison time before stepping down. The senators highlighted growing links between the Trump family and Binance, citing media reports about potential business deals and recent partnerships with World Liberty Financial (WLF), a project involving USD1 stablecoin funded by Abu Dhabi’s MGX Investment firm. They specifically note these developments in light of Binance’s ongoing compliance issues and raise further concerns about the potential use of the Trump family’s stablecoin within their ventures.