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Executives at Binance reportedly sat down with Treasury Department officials in March to discuss the possibility of relaxing the US government’s regulatory scrutiny of the world’s largest crypto exchange. Citing people familiar with the matter, the Wall Street Journal reports that Binance wants the Treasury Department to remove one of the two monitors that oversee the exchange. The US government is keeping a close eye on Binance after it pleaded guilty to having engaged in anti-money laundering (AML), unlicensed money transmitting and sanctions violations. The Treasury Department appointed a monitor to ensure that Binance complies with anti-money laundering laws, but a spokesperson for the exchange says that monitors led to “inefficient and costly burdens.” The report says that during last month’s meeting, Binance chief executive Richard Teng and Chief Legal Officer Eleanor Hughes asked Treasury officials to remove the monitorship, or reduce its duration and scope. Binance’s executives are said to be optimistic that the Trump administration will greenlight the request. According to WSJ, the meeting took place after Binance and representatives from the Trump family-backed crypto venture World Liberty Financial held discussions to list the project’s dollar-pegged stablecoin, USD1, on the crypto trading platform. A spokesperson for World Liberty Financial says that the company is aiming for USD1 to be “accessible for millions globally.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Binance Executives Met With US Government Officials To Discuss Easing of Regulatory Supervision: Report appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Shorting ETH Has Been the Best ETF Strategy this Year
The two best performing exchange-traded funds (ETFs) in the U.S. both made leveraged bets against ether and racked up mind-blowing returns as a result. The Year of the ETH Short: How Bearish Investors Are Raking in ETF Profits Ethereum’s ether ( ETH) has had a rough year, nosediving almost 51% since January. Savvy investors have The Daily Hodl
SOLANA PRICE ANALYSIS & PREDICTION (April 14) – Sol is Strong Following a 33% Recovery Weekly, Faces Minor Obstacles
Many Solana-based projects, such as ORCA, WIF , and RAY, have recovered well in the past week as they pose for a shift following a new bullish pattern. Sol is not left behind but has yet to signal a trend shift. Losing the important $100 level in the early month crash, Sol later found a solid ground and established support above $95. It initiated a buy and increased for a week. This increase triggered a break out of a descending trendline, serving as resistance since it lost momentum in January. While this breakout triggers a potential bullish move on the daily chart, we may see a trend shift if the crypto reclaims the recent $296 peak. An attempt to retest this broken trendline as support proved abortive yesterday due to a bullish interception, and as we can see, they are now pushing higher on the intraday trading. In the middle of that, the price is approaching a close resistance level, which could halt the latest buying. Breaking higher could bring more recoveries in the price. Otherwise, it may initiate a pullback to retest the trendline before advancing the recent higher high and higher low pattern on the hourly. If this trendline fails to provide support, Sol may slide back to the bottom before the next move. SOL’s Key Level To Watch Source: Tradingview The close resistance level for the bulls right now is $136.7, followed by the $147.5 resistance. Breaking through it could rally us straight to $161 and potentially $180 – last month’s resistance. Towards the downside, there’s close support at $122.7, along with the hidden $112 support. Below it lies $100 and $95.26. A break below them should set the market up for a massive crash in the long term. Key Resistance Levels: $136.7, $147.5, $161 Key Support Levels: $122.7, $112, $95.26 Spot Price: $133.3 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! The Daily Hodl
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Shiba Inu Developer Details Upcoming “Karma” System
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