Senate Raises Concerns Over Binance Ties to Trump Amidst Crypto Regulation Debate

A group of US senators has sent a letter to the Department of Justice and the Treasury Department expressing concerns about former President Donald Trump’s ongoing ties to cryptocurrency exchange Binance. The senators raised questions regarding potential conflicts of interest as they examine Binance’s compliance with its November 2023 plea agreement, which included a $4 billion settlement involving US authorities. Recent reports indicate that Trump and his family have deepened their connections with Binance.