Senator Questions Binance Over Trump Crypto Move

U.S. Senator Chris Murphy has raised serious concerns over Binance.US, questioning the platform for promoting a so-called “Trump crypto” shortly after former President Donald Trump pardoned Changpeng Zhao (CZ), the founder of Binance. The senator’s inquiry points to potential ethical and legal concerns, suggesting the timing of the promotional campaign may not have been coincidental. According to Murphy, Binance’s move could reflect a deeper—and possibly inappropriate—entanglement between the crypto industry and U.S. political figures.

Controversy After Trump Pardons CZ

Earlier this week, Donald Trump issued a presidential pardon for CZ, who had faced legal issues in the United States related to alleged regulatory violations. Within hours, Binance.US reportedly launched a marketing campaign centered on a “Trump crypto”, sparking backlash and questions from lawmakers. Senator Murphy suggested that such a promotion, coming right after the pardon, “raises red flags” about the nature of influence and mutual benefits between Trump and the crypto exchange. He called for transparency and accountability, possibly hinting at future investigations.

Crypto and Politics: A Growing Concern

This incident highlights growing concerns about the intersection of cryptocurrency and U.S. politics. As crypto gains mainstream traction, political influence and lobbying from major platforms like Binance are under increasing scrutiny. Lawmakers and regulators have been pushing for clearer rules around political endorsements and financial promotions, especially when they appear linked to legal or policy favors. Murphy’s questioning signals that more oversight could be coming soon for crypto exchanges operating in politically sensitive ways.