Binance Under Scrutiny: Potential Trump Family Ties and $2B Abu Dhabi Investment Investigated

Democratic Senators Chris Van Hollen and Elizabeth Warren have called for an investigation into potential connections between Donald Trump’s crypto ventures and Binance. The focus is on a $2 billion investment from Abu Dhabi-based MGX into Binance, which may involve Trump’s son Eric and a stablecoin issued by World Liberty Financial. The senators have written to Treasury and Justice officials, emphasizing the need for compliance and transparency in these dealings.

Is Binance Connected to The Trump Family? US DOJ Calls For Clarity

Democratic Senators Chris Van Hollen and Elizabeth Warren have raised concerns about potential ties between Donald Trump’s crypto ventures and Binance. The lawmakers are seeking an investigation into a $2 billion investment from Abu Dhabi-based MGX into Binance, which may involve Trump’s son Eric and a stablecoin issued by World Liberty Financial.

The senators’ letter to Treasury and Justice officials highlights compliance risks and possible conflicts of interest. This development comes as regulatory scrutiny of cryptocurrency exchanges intensifies globally, with particular focus on Middle Eastern connections.

Dogecoin Price in Key Buy Zone: Here’s What to Expect from DOGE Price

Dogecoin’s price rebounded sharply from a seven-day low of $0.1643, marking an 11.36% surge and confirming a bullish falling wedge breakout. The meme coin now eyes a near-term target of $0.2561 as it holds above critical trendline support at $0.20.

Market sentiment appears strongly bullish, with 67.84% of Binance traders holding long positions. Open interest reached $1.81 billion, reflecting growing institutional confidence in DOGE’s upside potential. The $0.165-$0.20 zone has emerged as a key accumulation area, backed by technical confluence and on-chain activity.

Since early 2023, Dogecoin has maintained a consistent upward trajectory along its ascending trendline. The latest bounce from $0.1643 suggests buyers are actively defending this psychological support level, potentially setting the stage for another leg upward.