Senator Elizabeth Warren is pressing the Department of Justice (DOJ) for answers regarding its enforcement of the U.S. government’s settlement with Binance, particularly its obligations following a 2023 settlement for violating anti-money laundering and sanctions laws. In a recent letter to Attorney General Pam Bondi, Warren expressed concerns over the DOJ's lack of updates about whether Binance is complying with the settlement's terms, including its exit from the U.S. market. Additionally, Warren questioned whether there have been discussions concerning a potential pardon for Binance co-founder Changpeng Zhao, who pleaded guilty to money laundering charges and has sought a pardon from the Trump administration. Warren's letter highlighted new reports suggesting Binance is attempting to terminate its obligation to work with an external compliance monitor, vital for ensuring the company's adherence to the settlement terms. This raises further questions about Binance's ties to the Trump administration and its operations in the U.S., which Warren and other lawmakers find increasingly concerning in light of recent developments.

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