Seven Democratic senators from the United States sent an open letter to Attorney General Pam Bondi and the Department of Justice, demanding an explanation for President Trump’s pardon decision regarding Binance co-founder CZ. The senators accused this pardon of sending a signal to the Crypto Assets industry that "it is permissible to commit crimes without consequences," and questioned the financial ties between Trump and Binance. The letter mentioned that Trump's family's Decentralized Finance platform, WorldLiberty Financial, has business dealings with Binance, and reports have indicated that Binance previously made large payments to lobbyists associated with Trump. CZ has previously admitted to violating the Bank Secrecy Act, and the senators are concerned that this pardon will undermine federal law enforcement's ability to combat Crypto Assets crimes.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Seven Democratic senators from the United States sent an open letter to Attorney General Pam Bondi and the Department of Justice, demanding an explanation for President Trump’s pardon decision regarding Binance co-founder CZ. The senators accused this pardon of sending a signal to the Crypto Assets industry that "it is permissible to commit crimes without consequences," and questioned the financial ties between Trump and Binance. The letter mentioned that Trump's family's Decentralized Finance platform, WorldLiberty Financial, has business dealings with Binance, and reports have indicated that Binance previously made large payments to lobbyists associated with Trump. CZ has previously admitted to violating the Bank Secrecy Act, and the senators are concerned that this pardon will undermine federal law enforcement's ability to combat Crypto Assets crimes.