US Senators Dey Pawa Dem Investigation Into Binance-Trump Links As Dem Worry About Stablecoin Rules
US Senators don make dia call stronger say make dem do formal investigation about how Binance link wit former President Donald Trump. Dem dey tell Department of Justice and Treasury Department make dem check the possible wahala dem fit face with law and if dem get two minds for interest. This one dey happen as stablecoin law wan face go-slow, as dem vote down one main law bill for Senate recently. Lawmakers wan know clearly how Binance dey follow rules since dem settle $4 billion for November 2023 and as former CEO Changpeng Zhao comot im work. Wetin happen recently show more link between Trump, im family, and Binance, like Trump start im own personal memecoin and World Liberty Financial—na Trump family-backed crypto business—comot partner wit one Abu Dhabi company for one big USD1 stablecoin business on Binance. The senators sabi-sabi say dem dey worry well well about political influence and how dem dey manage tins, because of reports say stablecoin works na wit Trump family, and gist say Changpeng Zhao dey beg for presidential pardon. This strong eye wey government dey put on dem go make people ask questions about if Binance dey follow rules and if dem dey clear with dia tin, and e fit affect how market pipo trust dem, how much trading dem dey do, and how pipo generaly see stablecoins and Trump-linked crypto money among traders.
Bearish
Di way wey government don dey look Binance matter well-well, plus wetin dem dey talk say e get link to former President Trump, joint with di palava wey stablecoin regulation get recently, show say Binance and other crypto wey follow am get plenty wahala for compliance and governance. Traders go see am like high risk becos dem no trust Binance transparency and di way e fit get political power for crypto business. And again, as big big people dey involved and dem dey talk say stablecoin get connection, e fit make government look am pass, wey fit stop trading and make people no trust Binance related money and stablecoins. Before before, when government investigate like dis, e dey make price fall small time and market go slow, wey mean say e no good, especially for Binance related crypto and stablecoins.