According to Odaily Planet Daily, US Senate Democrats are pushing for a resolution to formally condemn President Trump's pardon of Binance founder Changpeng Zhao (CZ). Sources indicate that several Republican lawmakers have also publicly criticized the decision, potentially leading to a rare bipartisan opposition.

Reports indicate that CZ was sentenced to four months in prison for money laundering charges, and Trump's pardon is seen as paving the way for Binance to return to the US market. Senators Elizabeth Warren (Massachusetts) and Adam Schiff (California), who led the bill, called the move "blatant corruption" and called on Congress to take measures to prevent a similar situation from happening again.

Some analysts have pointed out that this incident may affect the legislative process for crypto market structure currently underway in Congress. Previously, World Liberty Financial, a crypto project affiliated with the Trump family, announced that it has received support from the UAE sovereign wealth fund and plans to complete a $2 billion investment in Binance through the stablecoin issued by the project. (Axios)