Senator Elizabeth Warren is demanding clarity from the Department of Justice (DOJ) concerning its enforcement of the settlement reached with Binance, a leading cryptocurrency exchange. According to the conclusions drawn in the analytical report, her concerns extend to the company's recent dealings with the Trump administration, highlighting the need for accountability in the crypto sector.
Warren Criticizes DOJ's Cooperation on Binance Settlement
In a letter addressed to Attorney General Pam Bondi, Warren criticized the DOJ for its insufficient cooperation with prior inquiries into Binance's adherence to the 2023 settlement. This settlement was established after Binance was found to have violated US anti-money laundering and sanctions laws, and it mandates the company's exit from the US market.
Concerns Over Pardons and Transparency
Warren's letter comes in response to a tepid reply from the DOJ regarding the enforcement of the settlement's terms. She also raised alarms about the possibility of pardons for Binance co-founder Changpeng Zhao, who has pleaded guilty to criminal money laundering charges. This inquiry emphasizes the necessity for transparency concerning the Trump administration's ties with Binance, particularly as the company works to fulfill its obligations under the settlement.
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