USPolitics

Bitcoin, the leading cryptocurrency, continued its downward trend following remarks by U.S. President Donald Trump, impacting market sentiment and investor confidence.

On November 6, 2025, U.S. Congressman Sean Casten and 27 House Democrats opposed the pardon of Binance founder Changpeng Zhao, citing concerns over anti-money laundering violations and crypto crime. The letter calls attention to the need for accountability in the crypto industry.

On October 24, 2025, Senators Adam Schiff and Elizabeth Warren introduced a resolution condemning President Trump's pardon of Binance founder Changpeng Zhao, highlighting concerns of corruption and urging Congress to take action.

The crypto industry is engaged in a $100M lobbying effort to influence U.S. regulation amid debates over stablecoin legislation, market structure reforms, and potential SEC actions. Optimism remains despite strategic divisions among industry leaders.