Overview

• Sens. Elizabeth Warren, Richard Blumenthal and Mazie Hirono sent a letter to Attorney General Pam Bondi seeking details after reports that prosecutors are considering dropping Binance’s court-appointed compliance monitor.
• The Justice Department previously told Warren only that Binance is obligated to meet settlement terms without confirming whether the company is currently in compliance or has exited U.S. retail services.
• Prosecutors have confirmed Binance paid required financial penalties and reiterated that continuing obligations remain, including improvements to its compliance program.
• The senators asked the DOJ to disclose any communications about founder Changpeng Zhao’s pardon request and any engagement related to Binance’s connections to the Trump family’s crypto venture World Liberty Financial.
• The inquiry comes as U.S. policy has shifted toward a more permissive stance, including a CFTC registration path for foreign exchanges to serve U.S. customers and the SEC’s decision in May to drop its lawsuit against Binance.