Binance Seeks Reduced U.S. Oversight Amid Talks with Donald Trump’s Crypto Venture
April 12, 2025 – In ongoing discussions regarding a potential collaboration with President Donald Trump’s cryptocurrency company, World Liberty Financial, Binance has reportedly approached U.S. Treasury officials to seek a reduction in government oversight over its operations, according to a report by The Wall Street Journal.
In a meeting last month, senior executives from Binance, which is recognized as the world’s largest cryptocurrency exchange, met with officials from the U.S. Treasury. During this meeting, Binance CEO Richard Teng and Chief Legal Officer Eleanor Hughes requested the removal or at least a modification of the terms related to a current monitorship imposed on the company. This oversight is part of the compliance requirements with various anti-money-laundering laws that Binance is mandated to follow.
The discussions were not limited to regulatory concerns; Binance has also expressed interest in potentially listing a new dollar-pegged cryptocurrency developed by World Liberty Financial. This move signifies a strategic initiative to expand its offerings while navigating the complex regulatory landscape in the United States.
No immediate response was received from Binance, the Treasury Department, or World Liberty Financial concerning these discussions. The report sheds light on the broader context of Binance’s operational strategies in the U.S., especially following a significant shift in leadership and legal commitments last year.
In November 2023, Binance’s billionaire founder, Changpeng Zhao, stepped down as CEO amid a widespread investigation into the company’s compliance with U.S. anti-money laundering laws. Zhao entered a plea of guilty in a high-profile case, leading to a $4.3 billion settlement. The repercussions of these legal challenges have prompted Binance to reassess its strategies to maintain and expand its market presence while mitigating further regulatory scrutiny.
As discussions continue, the cryptocurrency community and market watchers will be observing how these negotiations play out, especially given the implications they may have on regulatory frameworks and compliance standards for crypto ventures operating within the U.S.
This attempt by Binance to ease regulatory constraints while engaging in strategic partnerships reflects the evolving relationship between cryptocurrency firms and governmental oversight, a critical topic as the market continues to mature and adapt.
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