- Binance is looking for reduced US surveillance while exploring a deal with Trump-coupled world freedom.
- Binance’s partnership with World Liberty can increase USD1’s adoption and benefit the Trump family.
The world’s largest crypto exchange, Binance, managers recently met US civil servants to discuss the reduction in the government’s monitoring of the Cryptocurrency exchange. At the meeting, Binance requested CEO Richard Teng and Chief Legal Officer Eleanor Hughes removal or decrease in a US surveillance that monitored compliance with money laundering laws, according to Wall Street Journal Report.
In addition to this request, Binance managers investigated a potential business agreement with World Liberty Financial, a crypto company linked to former US President Donald Trump. Sources that are familiar with the discussions revealed the details on Friday, although Binance, the US Treasury Department and World Liberty Financial did not confirm anything official.
According to the report Binance Has reportedly been in calls to list USD1, a new Dollar-Peggad Stablecoin launched by World Liberty Financial. This partnership would potentially benefit the Trump family financially as Stablecoin’s circulation increases. Stablecoin issuers like Tether have earned significantly in recent years and earned over $ 13 billion last year, mainly from interest income on reserves.
By supporting USD 1 Binance can help World freedom economic Get significant revenue due to the stock exchange’s extensive global reach and a daily trade volume of $ 65 billion.
Binance strengthens ties with Trump figures among regulatory movements
The Alliance between Binance and Trump-connected figures was strengthened during a high-level crypto conference in Abu Dhabi in December last year. At the event, the Binance founder met Changpeng Zhao Eric Trump and other Trump employees, including Steve Witkoff, a special envoy to the Middle East.
During his discussions, Eric Trump emphasized the potential of world freedom and expressed optimism about a new “Digital-Currency Golden Age” under his father’s leadership. Since then, business calls have accelerated, with Binance reportedly refinement of their checks against the money to fulfill legislative standards. However, some insiders claim that these adjustments can weaken controls of high risk users, a point binance has denied.
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