Cryptocurrency Regulation
Changpeng Zhao, Binance founder, received a presidential pardon from Donald Trump, reopening doors for his leadership at Binance despite prior convictions related to money laundering. The pardon sparks discussions about crypto regulation and political influences.
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.
Binance founder Changpeng Zhao has been pardoned by the White House after pleading guilty to anti-money laundering violations in 2023. The pardon highlights political divides over cryptocurrency regulation and raises questions about ongoing market reform discussions.
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.
Digital Currency Group and Genesis face lawsuit accusing them of misleading investors and causing over $3 billion in losses. Attorney General Letitia James vows stronger crypto regulations to protect investors.
The CLARITY Act has successfully passed the House, marking a significant step toward clearer crypto regulation. Meanwhile, the Senate is advancing its own draft bills with distinct definitions and frameworks for digital assets. These legislative moves aim to define and regulate digital commodities and investment contracts, shaping the future of crypto finance.
On July 18, 2025, President Donald Trump signed the GENIUS Act into law, creating the first comprehensive regulatory framework for stablecoins. This bipartisan legislation aims to protect consumers and position the U.S. as a leader in cryptocurrency innovation. Meanwhile, additional bills targeting crypto market structure are awaiting Senate approval. Bitlet.app continues to support crypto adoption with innovative services like Crypto Installments, allowing users to invest in cryptocurrencies conveniently.
World Liberty Financial's $WLFI crypto tokens, linked to the Trump family, are now tradable after near-unanimous approval. While the move could boost token value and market interest, it raises conflict of interest concerns given the Trump Administration's role in shaping crypto regulations. The project faces criticism over transparency and regulatory oversight as trading details remain unclear.