Sen. Richard Blumenthal has requested updates from the DOJ and FinCEN on monitors overseeing Binance, citing AML compliance concerns, according to Fortune.
As the bitcoin price slumps, Binance said it will convert the $1 billion stablecoin-backed Secure Asset Fund for Users entirely into bitcoin over the next 30 days.
Pakistan is formalizing its role in the global digital-asset economy by signing an MoU with Binance to explore tokenizing up to $2 billion in state-owned assets and granting early regulatory clearances to both Binance and HTX.
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