Binance under Fire: Senators Demand Investigation into Trump’s Crypto Ties

U.S. senators are pushing for a deep investigation into Binance, the cryptocurrency exchange, over its ties to the Trump family’s crypto project, raising concerns about compliance and potential conflicts of interest. The inquiry centers on a $2 billion investment in USD1, a stablecoin backed by an Abu Dhabi company, via Binance, which is now under scrutiny from Democratic senators. This comes amidst rising debate around cryptocurrency regulation within the US.