Binance.US Fires Back: Denies Trump-Linked Favoritism in USD1 Listing Scandal
Binance.US slams allegations of political favoritism in controversial USD1 listing decision.
The Accusation That Won't Die
Claims swirl around potential Trump administration connections influencing cryptocurrency listing protocols—Binance.US calls them baseless.
Regulatory Heat Intensifies
Exchange faces mounting pressure as regulators scrutinize listing processes amid political influence concerns.
Another day, another 'coincidence' in crypto regulation—because when has political connections ever influenced financial decisions?
Binance.US responds: ‘A business decision, nothing more’
In response, Binance.US denied any political motivation behind the listing. In a statement on X, the exchange clarified that both USD1 and WLFI tokens are already listed on over 20 U.S. exchanges, including Coinbase, Robinhood, and Kraken.
Dear Senator,
We conduct comprehensive due diligence and legal review before listing any asset on @BinanceUS, whether it’s a stablecoin, a new ecosystem project, or a meme token.
Not only are USD1 and WLFI already listed on 20+ major exchanges, including U.S. platforms… https://t.co/6HEM9EprVm
Binance.US added that its listing committee had approved the tokens “through the ordinary course of business” long before Trump’s pardon to Zhao.
“To be clear, this was a business decision on the part of Binance.US and nothing more,” the company stated. “It’s unfortunate that even routine business decisions are now unfairly politicized by our elected officials.”
Khanna pushes for crypto trading ban
Amid the uproar, U.S. Representative Ro Khanna (D-CA) announced plans to introduce a resolution aimed at banning the U.S. President, their family members, and members of Congress from trading cryptocurrencies or stocks.
The proposal follows growing backlash over Trump pardoning Zhao, which critics argue exposes deeper corruption and conflicts of interest in Washington.
Khanna said the resolution seeks to restore public trust and ensure that policymakers are not financially entangled in the industries they regulate.
Why this matters
USD1, which is pegged to the U.S dollar, is now the sixth-largest stablecoin in the world, with a market cap of approximately $2.97 billion, according to CoinGecko data.
Nevertheless, Trump still has connections with WLFI, which still raises ethical and political issues, and critics such as Rep. Maxine Waters claim that he is performing a massive favor to crypto criminals.
The discussion underscores the increasing conflict between politics and crypto regulation in the U.S. and particularly as Trump establishes himself as a pro-crypto candidate in the 2025 political cycle.
Also Read: Binance to Delist FLM, KDA, and PERP — How It Affects Users and Prices
