US Democratic senators demanded that Trump explain his pardon of Binance co-founder CZ.

Seven Democratic senators have sent an open letter to Attorney General Pam Bondi and the Justice Department, demanding an explanation for President Trump's decision to pardon Binance co-founder CZ. The senators accuse the pardon of sending a message that the cryptocurrency industry can "commit crimes with impunity," and question a financial connection between Trump and Binance. The letter mentions that World Liberty Financial, a decentralized finance platform owned by the Trump family, has business dealings with Binance, and reports indicate that Binance has paid large sums of money to Trump-related lobbyists. CZ has previously admitted to violating the Bank Secrecy Act, and the senators worry that this pardon will weaken federal law enforcement's ability to combat cryptocurrency crime. (Cointelegraph)