Democrat Senators urge Treasury, DOJ to probe Trump’s crypto ties to Binance
Democratic senators have requested that the US Treasury and Justice Department investigate President Donald Trump’s crypto ties to Binance, Bloomberg News reported on May 9.
According to the report, the lawmakers made the request in a letter sent to Treasury Secretary Scott Bessent and Attorney General Pam Bondi.
Details about oversight actions
The letter, which was co-signed by Senators Chris Van Hollen, Elizabeth Warren, Sheldon Whitehouse, and Richard Blumenthal, raises issues over Trump-affiliated digital assets and their role in financial transactions involving Binance.
It comes one week after the disclosure that Abu Dhabi-based MGX would use World Liberty Financial’s stablecoin USD1 to facilitate a $2 billion investment in…
