Senators demand probe into Trump family's ties with Binance

[Eugene]

Source: TheStreet

Senators demand probe into Trump family's ties with Binance

Anand Sinha
Fri, May 9, 2025 at 3:52 PM EDT 2 min read

Democratic senators have pressed a demand for an investigation into the links between the Trump family-backed crypto venture and the Binance crypto exchange, Bloomberg reported on May 9.

As per the news report, Democratic senators including Chris Van Hollen (D-Md.) and Elizabeth Warren (D-MA) have written a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi.

In the letter, the senators have raised concerns about President Donald Trump’s connection to Binance, the world’s largest crypto exchange that was found guilty of money laundering and sanction norms violations in November 2023.

Binance co-founder Changpeng “CZ” Zhao had also pleaded guilty, stepped down from his role as CEO, and served four months in a U.S. prison.

“Our concerns about Binance’s compliance obligations are even more pressing given recent reports that the company is using the Trump family’s stablecoin to partner with foreign investment companies,” Bloomberg cited from the letter, which the publication claims it has seen.

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Read more: https://finance.yahoo.com/news/senators-demand-probe-trump-familys-195253826.html

[hildegaard28]

1. Waste of

Paper. They won't be looking into it. They're in on it. Investigations won't be able to be conducted until Democrats take back both chambers, and charges won't be able to be brought until Democrats get the Whitehouse. Hopefully it will be a bulldog like Pritzker. I can't see any other Democrat willing to go after them as aggressively.

[hannah]

2. They are looking into it

The Corruption should be front and center. Everything else is a distraction! Every time things go bad for them , they create a distraction. The stupid media reports it and follows it like the assholes that they are.