Senate Democrats, led by Elizabeth Warren, are demanding information regarding President Trump's associations with cryptocurrency and the dealings of Binance. Their concerns have intensified following Binance's legal issues and Trump's family's reported involvement in discussions with the firm, complicating the legislative landscape surrounding digital assets.

Former President Donald Trump has issued a pardon to Changpeng Zhao, the founder of cryptocurrency exchange Binance, who was previously convicted on multiple charges. This controversial decision has raised questions about the implications for the cryptocurrency industry and regulatory oversight.

Binance has paid approximately $283 million to users affected by the recent depegging of three assets during a significant crypto market crash. The exchange clarified that the market downturn occurred prior to the depegging, attributing some price drops to longstanding limit orders. They are also implementing changes to mitigate future depeg risks.

President Trump has pardoned Binance founder Changpeng Zhao, who had pleaded guilty to money laundering while leading the cryptocurrency exchange. The pardon follows allegations of political motivations tied to Trump's own crypto ventures and has drawn criticism from figures like Senator Elizabeth Warren, who accused Trump of corruption in the decision-making process. Zhao expressed gratitude for the pardon, emphasizing a commitment to advancing the cryptocurrency industry in the U.S.

A golden statue of Binance founder Changpeng Zhao has surfaced in Washington D.C., leading to discussions about its connection to former President Donald Trump, who is rumored to be considering a pardon for Zhao. The statue has sparked both admiration and criticism, reflecting the polarized views surrounding cryptocurrency and Zhao's influence in the industry.

Movement Network co-founder Rushi Manche is on a temporary leave amid investigations into market maker irregularities that led to significant token dumping. Binance had previously suspended a market maker for misconduct involving the MOVE token, prompting the Movement Network Foundation to initiate a third-party investigation.

Former President Donald Trump has granted a pardon to the convicted founder of Binance, a major cryptocurrency exchange. This decision has sparked discussions regarding its implications for the cryptocurrency sector and regulatory landscape.