Wall Street Journal has stated that Benance officials called the US Treasury officials in March to discuss the company regulation on the company and to discuss the possible trading partnership with President Donald Trump’s Cryptocurrency Venture, World Liberty Financial.
The WSJ article, which cited sources involved with discussions, on Friday, the largest cryptocurrency exchange officials in the world said that the treasury authorities urged the Treasury authorities to remove an American monitor who was monitoring the company’s adherence to the company’s money-laundering laws.
Benance is also negotiating to list a new dollar-paved cryptocurrency from the World Liberty Financial.
At the meeting, Benance CEO Richard Teng and Chief Legal Officer Ellenor Hughes asked the paper to remove the monitoring or reduce its duration and scope, the paper said.
Benance, Treasury Department and World Liberty Financial did not immediately respond to Reuters’ requests for comments.
Last month, the journal said that Changpeng Jhao, the founder of the billionaire of Benance, was insisting on forgiveness from the administration.
In November 2023, Zhao stepped from the role of his CEO and blamed for breaking the anti -US money laundering laws at a $ 4.3 billion disposal, which resolved a year -old investigation.
