The management of the cryptocurrency exchange Binance held a meeting with the US Department of the Treasury to discuss the possibility of reducing oversight from American regulators. As part of these negotiations, the company is also considering the listing of the stablecoin USD1, developed by World Liberty Financial.
This is reported by Business • Media
Present at the meeting were Binance CEO Richard Teng and Chief Legal Officer Eleanor Hughes. Reportedly, the exchange’s management requested the removal of the American overseer responsible for ensuring compliance with anti-money laundering laws.
Discussion on the Listing of the Stablecoin
Alongside negotiations with government officials, Binance has been discussing the potential listing of USD1, which is linked to the Trump family. According to anonymous sources, the expanded use of USD1 could lead to significant financial benefits for the Trump family. The possibility of purchasing a stake in the American subsidiary Binance.US by family representatives is also being discussed.
“It is inspiring to see the incredible momentum behind the renewed crypto movement in the US under the new administration and Congress. We are committed to supporting any government that seeks to balance innovation and user protection in the regulation of digital assets,” Binance stated.
It is worth noting that at the end of March 2025, the WSJ reported that representatives of US President Donald Trump’s family were considering the possibility of financial involvement in the American subsidiary of the cryptocurrency exchange Binance.