Binance Under Scrutiny: $2 Billion Investment Sparks Congressional Investigation

A massive investment of $2 billion in Binance, linked to a Trump family-backed stablecoin, has raised eyebrows and prompted calls for an investigation by US senators. The case centers on the USD1 stablecoin issued by World Liberty Financial, connected to Binance’s controversial $2 billion transaction with MGX, an Emirati fund. This raises concerns about potential conflicts of interest and political influence within the crypto market.