According to online reports, a group of Democratic senators in the United States (including Senator Chris Van Hollen of Maryland and Senator Elizabeth Warren of Massachusetts) sent a joint letter to the Treasury Secretary and the Attorney General, requesting an investigation into the connection between Binance and the Trump family's digital asset project. The letter pointed out that Abu Dhabi investment company MXG completed a US$2 billion investment in Binance in March this year through the USD1 stablecoin controlled by the Trump family, which raised concerns about compliance risks. In 2023, Binance pleaded guilty to violating anti-money laundering regulations, and its former CEO Zhao Changpeng has served four months in prison. Senate Democrats just suspended the passage of the Stablecoin Act on May 9 on the grounds of "preventing current officials from profiting from crypto projects." The joint letter asked the Ministry of Finance and the Ministry of Justice to submit three explanations before May 21: Binance's progress in fulfilling the plea agreement, the timetable for withdrawing from the U.S. market, and whether a pardon for Zhao Changpeng had been discussed. According to the Wall Street Journal, Trump family representatives had held discussions on investing in Binance.US (Zhao Changpeng had previously denied it). "The idea that this administration may allow Binance to continue to operate and expand in the United States is deeply troubling, especially given the company's repeated disregard for federal laws and regulations that keep Americans safe," the letter read.