Binance executives met with US Treasury officials last month to discuss relaxing government regulation of the company while also pursuing a business partnership with President Donald Trump’s crypto venture, World Liberty Financial, according to the Wall Street Journal.
The world’s largest bitcoin exchange executives pushed Treasury authorities to remove a US monitor on their door, according to the paper, citing sources.
It also stated that it has talked with Binance the listing of a new dollar-pegged cryptocurrency from World Liberty Financial.
According to the report, at the meeting, Binance CEO Richard Teng and Chief Legal Officer Eleanor Hughes requested that the monitorship be eliminated or its length or scope be decreased.
Changpeng Zhao, the wealthy creator of Binance, has been negotiating with the government to get Binance pardoned since last month, the Journal reports.
Zhao resigned as CEO in November 2023, and in 2020, he admitted to breaking US anti-money laundering laws in a $4.3 billion settlement to terminate a yearslong inquiry.
