U.S. Senators Demand Investigation into Binance’s Ties to Trump Family

A group of U.S. Democratic senators, including Chris Van Hollen and Elizabeth Warren, have initiated a formal investigation into potential connections between cryptocurrency exchange Binance and the Trump family. This inquiry stems from a $2 billion investment in Binance by Abu Dhabi-based company MXG through a stablecoin controlled by the Trump family. The senators are seeking clarification on this connection and Binance’s compliance status, as well as details about the potential for an exit from the U.S. market.