In brief
- Sen. Elizabeth Warren is demanding answers from the DOJ about its enforcement of Binance’s 2023 settlement and the company’s ties to the Trump administration.
- Warren criticized the DOJ for not addressing previous questions about Binance’s compliance, a possible pardon for founder Changpeng Zhao, and links to Trump-affiliated crypto platforms.
- Warren raised new concerns after reports this week that Binance is seeking to end its obligation to work with an outside compliance monitor.
Sen. Elizabeth Warren (D-MA) is pressing the Department of Justice for answers regarding its enforcement of the U.S. government’s settlement with Binance—and for further details about the crypto giant’s recent interactions with the Trump administration.
In a letter sent to Attorney General Pam Bondi Wednesday seen by Decrypt, Warren raised concerns about what she framed as the department’s lack of cooperation with previous inquiries into Binance’s compliance with its 2023 settlement for violating U.S. anti-money laundering and sanctions laws.
In May, Warren said, she and other senators asked Bondi whether the DOJ has been enforcing the terms
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Author: Sander Lutz
