Warren & Merkley Investigate $2B Binance Deal Tied to Trump Family

US Senators Elizabeth Warren and Jeff Merkley are scrutinizing a $2 billion investment by the cryptocurrency exchange Binance linked to the USD1 stablecoin, which has connections to the Trump family. The senators have demanded records from both Binance and MGX, the company behind the USD1 stablecoin, as they investigate the transaction’s potential financial impact on President Trump and his family. This investigation raises concerns about financial transparency and potential conflicts of interest in a market already grappling with volatility.