Democrats Seek Answers on Trump’s Role in Binance CEO’s Pardon Push

Binance traders’ ETH exposure has climbed as the exchange’s leverage ratio reached a record high while ether reclaimed levels above $3,000. The build-up comes just ahead of the Fusaka upgrade and raises the risk of amplified volatility.

At Binance’s Blockchain Week in Dubai (Dec. 3–4), Ripple CEO said stablecoins are gaining recognition, signaling growing institutional and regulatory attention. His remarks highlight potential momentum for on‑chain payments and firms working with fiat‑linked tokens, including XRP.

Binance named co-founder Yi He as its co-chief executive on Wednesday. The move is positioned as part of the exchange's leadership continuity amid ongoing global regulatory and growth challenges.

Representative Stephen Lynch pressed Fed governor Michelle Bowman about remarks she made on digital assets at a November conference in Madrid, sparking a heated exchange as lawmakers debated oversight. The hearing highlighted growing congressional frustration over regulatory gaps for stablecoins.

Ruling and opposition parties in South Korea have struck a landmark agreement on a digital asset law that includes a regulatory framework for stablecoins, with lawmakers targeting parliamentary approval in January. The framework aims to clarify issuance rules, reserve requirements, and oversight to boost investor protection and market stability.