Crying for money or technology is no longer anymore, it is now a large part of politics as well. The fresh storm is brewing in Washington, where senior Senators in the United States raises red flags on Donald Trump’s increasing encoding. They ask questions about its reported links with Binance, one of the largest encryption exchanges in the world.
And they want answers quickly.
American Senate members ask Trump’s encryption relations with Binance
Democratic lawmakers, including Senator Elizabeth, Warren and Chris Van Holin, have raised serious concerns about President Donald Trump’s growing relationship with the encryption world, especially with Bennes, the largest exchange in the world.
In the end, the concern came immediately after the outbreak of the news that MGX plans, an investment company from Abu Dhabi, to use Stablecoin called USD1, linked to the Trump encryption project, World Liberty Financial (WLFI), to invest two billion dollars in Binance.
It is not only about money. Legionships ask whether Trump and his allies may affect the background of the scenes. This worries some people.
Binance history raises concerns
Let’s not forget, Binance recently had to pay $ 4.3 billion of fines in a settlement with American organizers. The former CEO, Chic Set Chao, had to step down and make a 4 -month prison sentence, along with a personal fine of $ 50 million.
This has made Senate members wonder whether Trump was trying to protect Binance or take advantage of the stock exchange.
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Trump’s encryption movements lift eyebrows
In addition to the controversy, Trump has become increasingly active in the world of encryption. From the launch of its memecoin project, which was already withdrawn with millions of fees to hosting the TOP special dinner Trump Mumikwin holders on May 22nd.
With the presence of his family’s encrypted company behind Stablecoin USD1, which is now linked to the investment of Binance, it is difficult to ignore its presence in the world of digital assets.
Senate members request clear answers
All this controversy began when the United States tried to pass new encryption rules. Senator Elizabeth Warren prevented a vote on the Stablecoin bill called the genius law. Warren said that legislators should not help “facilitate this type of corruption” without asking difficult questions.
Senator Warren is now asking the Ministry of Justice and the complete modernization treasury. They want to know:
- Do Binance follow its legal agreement?
- Is it really to leave the United States? If the answer is yes, then when?
- What is Stablecoin from Trump to get Binance lists?
- Did anyone talk about pardoning Anced Czechosal?
They asked for a response by May 21.
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Common questions
Trump is associated with an investment of $ 2 billion, including investing in the MGX fund in Abu Dhabi in Binance.
Usd1 is Stablecoin linked to the Trump encryption project, WLFI, is now linked to the main investments in Binance.
Binance claims to leave the United States, but Senators want clarity about its compliance and the potential effect of Trump.
Genus is the Stablecoin Bill that was banned by Senator Warren due to concerns about corruption and Trump ties.
