Binance.US Fires Back at Senator Murphy Over ‘Politicized’ Trump Crypto Claims
Binance.US refuted Senator Murphy's claims that its listing of the USD1 stablecoin was politically motivated 'Trump crypto' following President Trump's pardon of CZ.Summary
Binance.US publicly responded to Senator Chris Murphy, who accused the exchange of promoting 'Trump crypto' linked to illicit financing shortly after President Trump pardoned Binance founder Changpeng Zhao (CZ).
The dispute centers on Binance.US listing the USD1 stablecoin, issued by World Liberty Financial (WLFI), just one week after CZ pleaded guilty to anti-money laundering violations and received a presidential pardon. Senator Murphy called the White House a "24/7 corruption machine" for this timing.
Binance.US defended its decision, stating that USD1 and WLFI underwent comprehensive due diligence and were already listed on over 20 major exchanges, including Coinbase and Kraken, as part of its ordinary listing process. Meanwhile, seven Senate Democrats sent a letter to Attorney General Pam Bondi and Treasury Secretary Scott Bessent, demanding an investigation into the pardon and alleged financial links between Binance, World Liberty Financial, Trump, CZ, and MGX, citing potential conflicts of interest and favoritism.
(Source：BeInCrypto)