Synopsis
Binance executives reportedly met with U.S. Treasury officials last month to discuss easing government oversight and potentially listing a new cryptocurrency from World Liberty Financial, a venture linked to Donald Trump. The executives requested the removal or reduction of a U.S. monitor overseeing anti-money-laundering compliance. This follows founder Changpeng Zhao’s guilty plea and departure in a $4.3 billion settlement.
Binance executives met U.S. Treasury officials last month and discussed loosening government oversight of the company, while exploring a business deal with President Donald Trump’s crypto venture, World Liberty Financial, the Wall Street Journal said.
Executives of the world’s largest cryptocurrency exchange asked Treasury officials to remove a U.S. monitor overseeing its compliance with anti-money-laundering laws, the paper said on Friday, citing people familiar with the talks.
Binance has also been in talks to list a new dollar-pegged cryptocurrency from World Liberty Financial, it added.
Crypto Tracker
TOP COIN SETSAI Tracker4.71% BuyCrypto Blue Chip – 5-2.22% BuySmart Contract Tracker-4.71% BuyWeb3 Tracker-5.50% BuyBTC 50 :: ETH 50-5.57% BuyTOP COINS (₹) Solana10,738 (5.45%)BuyXRP177 (2.31%)BuyEthereum137,174 (2.14%)BuyBitcoin7,179,832 (1.29%)BuyBNB50,697 (0.89%)Buy At the meeting, Binance CEO Richard Teng and Chief Legal Officer Eleanor Hughes asked for the removal of monitorship or reduction of its duration and scope, the paper said.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details » Binance, the Treasury Department and World Liberty Financial did not immediately respond to ‘ requests for comment.
Live Events
Last month, the Journal said Binance’s billionaire founder Changpeng Zhao had been pushing for a pardon from the administration.
In November 2023, Zhao stepped down from his CEO role and pleaded guilty to breaking U.S. anti-money laundering laws in a $4.3-billion settlement that resolved a years-long investigation.
