Binance Secures Lobbying Power in Washington for Regulatory Influence

Cryptocurrency exchange Binance has engaged high-profile lobbyists to influence financial policy discussions within the United States. This move comes amid increasing regulatory scrutiny and a significant push by the company to secure favorable legal standing and shape its regulatory landscape. The firm has hired Ches McDowell’s lobbying group, known for its ties to former President Trump Jr., to advocate on behalf of Binance in Washington. These efforts are estimated at $450,000, signaling a strategic investment in securing access to key policymakers. This is part of a broader strategy to influence the U.S. financial policymaking process, potentially impacting its regulatory standing and market position.