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Crypto Crackdown: Binance Pushes Back While CZ Targets Sun

Veronicah Peninah by Veronicah Peninah
April 12, 2025
in Binance Feed, News
Reading Time: 3 mins read
Crypto Crackdown Binance Pushes Back While CZ Targets Sun
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  • The cryptocurrency exchange Binance moves forward with negotiations at the U.S. Treasury to take away its judicial oversight to simplify terms from its settlement with the Department of Justice.
  •  Binance former CEO Changpeng Zhao is cooperating with investigators from the DOJ through information sharing about Justin Sun as the inquiry gains speed.
  • The rising investigative pressure faced by crypto leaders CZ and Sun is influencing market attitudes and will set boundaries for future business standards.

Cryptocurrency exchange Binance is seeking to end federal monitoring tied to its previous settlement with the U.S. Department of Justice. The company recently held meetings with U.S. Treasury officials to discuss the removal of a court-appointed compliance monitor. This development arrives as new reports link Binance’s former CEO to ongoing federal investigations involving other crypto figures.

The matter is disclosed by sources who note Changpeng Zhao agreed to share details about Justin Sun as part of his U.S. authorities plea agreement. Financial authorities at the Justice Department keep a close watch on Tron blockchain creator Sun due to suspected financial misconduct. Sources say Zhao’s cooperation has added momentum to the inquiry, which has remained largely confidential.

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Crypto Giants Push Back as Legal Heat Intensifies

The Wall Street Journal reported that Binance’s push to remove the monitor followed discussions with Treasury officials and connections to a Trump-affiliated crypto initiative. The timing raised questions about whether Binance’s legal strategy includes both regulatory engagement and political alignment. CZ, prior to the article’s release, preemptively responded online, describing the report as “yet another baseless hit piece.”

In parallel, Justin Sun’s camp issued a firm denial of recent allegations linking Tron to criminal activity. The team at Sun asserts that the claims against Tron are both baseless and deceptive while pointing out that there are no actual official charges filed. The response exhibits the same approach as Binance by strongly rejecting wrongdoing charges and emphasizing the absence of established legal facts.

Regulatory Uncertainty Casts Shadow Over Crypto’s Future

The news triggered severe reactions from both sides of the broader crypto community due to intensifying regulatory oversight. Ongoing legal uncertainty continues to weigh on investor sentiment and influence exchange activity. The ongoing inquiry targeting executives of major platforms has led multiple stakeholders to wonder about transparency standards among crypto leaders.

Binance asks for termination of federal oversight from the U.S. Treasury but the agency has not yet revealed its planned response. The Justice Department refuses to give any statement regarding the current inquiries. According to analysts and market observers the results from these prominent legal disputes will act as a foundation for creating worldwide cryptocurrency compliance requirements.

Tags: Binance News

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