Binance Negotiates US Oversight Relaxation Amid Talks with Trump's Crypto Firm

Reported 3 days ago

Binance executives recently met with U.S. Treasury officials to discuss reducing government oversight while considering a partnership with Donald Trump's cryptocurrency company, World Liberty Financial. They proposed removing a U.S. monitor ensuring compliance with anti-money-laundering regulations. Additionally, Binance is exploring the possibility of listing a new dollar-pegged cryptocurrency from World Liberty Financial. This comes after Binance founder Changpeng Zhao pleaded guilty to anti-money laundering violations, leading to his resignation as CEO.

Source: YAHOO

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