Warren Challenges DOJ on Binance Compliance Amid Trump Administration Allegations

Senator Warren Intensifies Scrutiny on Binance

Senator Elizabeth Warren demands clarification from the US DOJ about Binance's compliance with a 2023 settlement.
Concerns arise over Binance's alleged ties to Trump’s administration and regulatory oversight easing.
Warren, alongside two Democratic senators, seeks confirmation on Binance's adherence to its plea agreement related to money laundering and sanctions violations.
The inquiry includes Binance's exit status from the US market and discussions of a potential pardon for former CEO Changpeng Zhao.
Reports suggest meetings between Binance executives and Treasury Department officials, raising questions about compliance monitoring.
Senators also inquire about World Liberty Financial’s plans to list USD1 stablecoin on Binance.
DOJ confirms Binance paid due penalties but does not address all compliance queries.
NewsBTC reports ongoing discussions to potentially remove an external compliance monitor from Binance’s $4.3 billion settlement.
Democrats express concern as DOJ scales back compliance monitors established during Biden’s administration.

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