Binance, the world's largest cryptocurrency exchange, is reportedly seeking to reduce U.S. government oversight as it negotiates a business deal with World Liberty Financial, a crypto venture affiliated with the Trump family. The company has requested that the Treasury Department remove a federal monitor overseeing its compliance with anti-money-laundering laws, following a 2023 guilty plea and a $4.3 billion fine. Additionally, Binance is in talks to list a new Trump-backed stablecoin, USD1, which could yield significant profits for the Trump family if widely circulated. Critics warn of a troubling alliance between political leaders and actors previously penalized for facilitating illicit financial flows. ​