U.S. Democratic senators demand Trump's explanation for pardoning Binance co-founder CZ

Seven Democratic US senators have sent an open letter to Attorney General Pam Bundy and the Department of Justice demanding an explanation of President Trump's pardon of Binance co-founder CZ. The senators accused the pardon of sending a signal to the cryptocurrency industry that "crimes can be committed with impunity" and questioned the financial ties between Trump and Binance. The letter mentions that World Liberty Financial, the decentralized financial platform of the Trump family, does business with Binance, and reports that Binance has paid large sums of money to Trump-related lobbyists. CZ has previously pleaded guilty to violating the US Bank Secrecy Act, and senators are concerned that the pardon will weaken the ability of federal law enforcement to crack down on cryptocurrency crime. (Cointelegraph)