Is Binance Cutting Deals with Team Trump? That's What Senate Democrats Are Asking

Binance, the largest global crypto exchange, is still under the constraints of a massive, $4.3 billion U.S. enforcement action, though Senator Elizabeth Warren and other Democrats are asking the Trump administration about reports that it's easing off on those orders. In 2023, the major digital assets platform agreed to settle with U.S. authorities for sanctions violations, insufficient money-laundering protections and operating without proper licensing, and its leader, Changpeng "CZ" Zhao, pleaded guilty to Bank Secrecy Act violations, stepping down from the company and serving a brief prison sentence. Warren and two other senators, Richard Blumenthal and Mazie Hirono questioned Attorney General Pam Bondi in a letter this week, asking about reports by outlets including Bloomberg News that the company has spoken to the U.S. about dropping its independent compliance monitor. The senators also raised the continuing financial ties between the family of President Donald Trump and Binance, through their stake in World Liberty Financial. "These reports make it more important than ever that the public understand the Trump administration’s interactions with, and relationship to, Binance and its employees," they wrote,…