Anti-Money Laundering
Thailand has ordered tighter regulations on gold trading and cryptocurrencies to tackle 'grey money' and illicit flows after a weekend meeting of the "Connect the Dots" sub-committee led by the prime minister and finance minister.
Tether assisted Thai police and the U.S. Secret Service in seizing $12 million in USDT linked to an international fraud network, according to authorities. The move underscores growing cooperation between crypto firms and law enforcement on cross-border financial crime.
Donald Trump granted a presidential pardon to Binance founder Changpeng Zhao, who pleaded guilty to anti-money laundering failures in 2023. This move sparked scrutiny due to Zhao's Binance ties with Trump's family business and contrasting regulatory views between Trump and Biden governments.
On October 28, 2025, Senators Warren, Schiff, and Merkley condemned President Trump's pardon of Binance founder Changpeng Zhao, citing failures in anti-money laundering compliance and implicating broader corruption concerns within crypto. The incident sparks discussions on crypto regulation and integrity.