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Senate Democrats Question Binance's Ties with Team Trump | CoinDesk Daily

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 19 September 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Is Binance cutting deals with the Trump administration? Democratic U.S. lawmakers, including Senator Elizabeth Warren, questioned Attorney General Pam Bondi and the Trump administration about reports that it's easing off on Binance's enforcement order. Is Binance cutting deals with the Trump administration? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.” - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit midnight.network/break-free - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0

Hey everyone, you're watching Coin Desk Daily. I'm your host, Jen Sanasi.

0:10.4

Binance is still under the constraints of a massive $4.3 billion U.S. enforcement action,

0:15.8

but Senate Democrats are raising questions. Senator Elizabeth Warren and colleagues asked

0:20.3

Attorney General Pam Bondi about

0:21.9

recent reports that Binance has spoken to the U.S. about dropping its independent compliance monitor.

0:27.2

The senators sent a letter that also referenced President Donald Trump and his family's financial

0:31.5

connection to Binance through their stake in World Liberty Financial.

0:35.4

As the markets contemplated a potential return of CZ, the

0:38.4

B&B token rocketed over $1,000 for the first time, leaping over Seoul to become the fifth

0:43.6

largest crypto by market cap. As of this morning, B&B has retreated back to $990.

0:49.9

Ark Invest is doubling down on a sole treasury company. Kathy Woods firm bought just under $162 million worth of Soulmate shares

0:57.7

after taking part in the company's $300 million funding round.

1:01.8

The NASDAQ listed sports club owner raised the money and rebranded from Barrera Holdings

1:05.7

as part of the plan to build a digital asset treasury based on Solana's sole token.

1:10.4

Shares of Soulmate jumped as high as 5295 before dropping back to close at $24.90,

1:17.2

a gain of over 225% on the day.

1:20.3

Thank you. The And after seven months of hibernation, Michigan's Bitcoin Reserve is back on the move.

1:55.0

The state's Bitcoin Reserve bill, HB 4087, made progress on Thursday by advancing to the second reading in the state House of Representatives.

2:03.5

Introduced in February the bill aims to establish a strategic Bitcoin reserve by authorizing the

2:08.4

state treasury to invest up to 10% of its reserves in the largest cryptocurrency and possibly others.

2:13.8

If approved, Michigan would join the three states, Texas, New Hampshire, and Arizona

2:18.0

that have enacted Bitcoin Reserve laws. That's our app for CoinDesk Daily. Get more updates on

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