Binance, the behemoth of crypto exchanges, finds itself yet again in the crosshairs of US lawmakers, this time over alleged sanctions violations involving Iran and Russia. It’s a stark reminder that even the most sprawling digital empire cannot escape the long shadow of geopolitical friction and traditional finance’s tightening grip. This isn't just about one exchange; it's about the ongoing, often messy, domestication of crypto.
Binance, under Richard Teng, just threw a legal punch at The Wall Street Journal, demanding a retraction over allegations of handling billions in Iran-linked funds. It's more than a spat; it's a strategic battle for the exchange's legitimacy and a clear signal that the "new" Binance isn't backing down from scrutiny.
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The U.S. SEC grants regulatory relief, allowing WisdomTree’s tokenized money market fund to trade around the clock, marking a key step toward mainstream crypto-financial integration and flexible trading access.
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