Binance in Talks with U.S. Officials to Ease Oversight Amid Potential Deal with Trump-Linked Crypto Firm

In a move that could reshape the crypto regulatory landscape in the United States, Binance, the world’s largest cryptocurrency exchange, has reportedly sought to loosen U.S. government oversight as it explores a business alliance with World Liberty Financial—a crypto venture reportedly linked to former President Donald Trump.

According to the Wall Street Journal, top Binance executives, including CEO Richard Teng and Chief Legal Officer Eleanor Hughes, met with senior U.S. Treasury Department officials last month. Their key request? The removal or reduction of a U.S.-appointed monitor currently overseeing Binance’s compliance with anti-money-laundering (AML) laws.

“The executives argued for either eliminating the monitor altogether or at least narrowing the scope and shortening the term of the oversight,” the WSJ reported, citing individuals familiar with the talks.

At the same time, Binance was reportedly in discussions to list a new dollar-pegged stablecoin issued by World Liberty Financial, the Trump-affiliated crypto company. The move could potentially strengthen Binance’s presence in the U.S. market, while aligning with a politically notable brand.

While full details of the proposed token or its structure remain undisclosed, the meeting highlights Binance’s ongoing efforts to rebuild trust with U.S. regulators after years of scrutiny. The monitor in question was originally imposed as part of a 2023 settlement to ensure adherence to anti-money-laundering and sanctions compliance.

“The request for relaxed oversight, especially amid talks with a politically sensitive entity like World Liberty Financial, raises important questions,” an anonymous source told the WSJ.

Neither Binance, the U.S. Treasury Department, nor World Liberty Financial responded to media inquiries from Reuters as of the time of reporting.