Cryptocurrency exchange Binance is once again facing mounting scrutiny in 
Washington, as lawmakers question whether the company is living up to the 
terms of its 2023 settlement with US authorities — an agreement that 
ultimately led to the resignation of its founder and former CEO, Changpeng 
Zhao (CZ). Democrats Urge DOJ And Treasury Investigation On Friday, journalist 
Eleanor Terrett of Crypto In America reported that eleven Democrats on the 
Senate Banking Committee, led by crypto-skeptic Elizabeth Warren, sent a 
letter to Attorney General Pam Bondi and Treasury Secretary Scott Bessent 
urging their departments to examine Binance’s operations. Related Reading: 
Jane Street Faces New Lawsuit: Trump Media Calls For Federal Investigation The 
lawmakers pointed to recent media reports alleging illicit finance activity on 
the platform, including transactions reportedly linked to Iran, and warned 
that such conduct could place Binance in violation of its 2023 settlement. In 
their letter, the senators also referenced Binance’s expanding business 
relationships with President Donald Trump’s crypto ventures, as well as 
Trump’s pardon of Zhao. They called for what they described as a “thorough, 
impartial” investigation into whether the exchange is adhering to its legal 
obligations. The latest pressure follows a separate inquiry launched earlier 
in the week. As previously reported by Bitcoinist, Democratic Senator Richard 
Blumenthal initiated a formal probe through the Senate’s Permanent 
Subcommittee on Investigations. Binance Denies Sanctions Violations In a 
letter dated February 24 and addressed to Binance co-CEO Richard Teng, 
Blumenthal cited reporting that suggested the exchange may have facilitated 
“large-scale violations” of US and international sanctions on Iran. Related 
Reading: Circle Tops Q4 Revenue Forecasts, Shares Surge 30% — Key Numbers 
Inside Blumenthal noted that Binance appeared to ignore warnings and 
recommendations aimed at reducing Iranian money laundering operations. He also 
referred to the same reports cited by the Senate banking committee Democrats, 
indicating that $1.7 billion in transactions to Iran may have passed through 
the platform. Binance has strongly denied the allegations. The company said it 
conducted an internal review and found “no evidence of violations of 
applicable sanctions laws.” The exchange also rejected claims that it had 
dismissed investigators for raising concerns related to sanctions compliance. 
Featured image from OpenArt, chart from TradingView.com

Senate Democrats Lead Inquiry Into Binance: Warren Heads Effort With Letter To DOJ

XRP is hovering at a critical inflection point as price presses directly 
against the 200-week EMA, a level that has historically separated prolonged 
bear phases from powerful cycle expansions. This isn’t just another short-term 
test; it’s a high-timeframe battleground that has defined XRP’s macro 
direction in prior cycles. With the price sitting right on this line, the next 
decisive move could set the tone for months to come, making this a pivotal 
moment that traders cannot afford to ignore. Resistance Still Intact — Macro 
Plan Unchanged In a recent XRP update, ChartNerd stressed that the market is 
at a pivotal macro moment. The 200-week EMA has historically served as a clear 
dividing line in XRP’s long-term structure, separating full-scale bear markets 
and extended accumulation phases from the beginning of new cycle expansions. 
Related Reading: XRP Is About To Create History With This Latest Move At 
present, XRP is trading at the moving average, hovering around the $1.41 
level. This positioning places price at a technically decisive zone that has 
repeatedly dictated broader trend direction in previous cycles. Looking back 
at historical behavior, decisive breakdowns below the 200-week EMA have often 
led to prolonged downside pressure or drawn-out accumulation periods before 
any meaningful recovery took shape. Losing this level convincingly could 
therefore signal a tougher macro environment ahead. Conversely, when XRP has 
successfully defended the 200-week EMA, it has frequently acted as a 
springboard for multi-month reversals and strong upside expansions. As 
ChartNerd underscores, this is a genuine make-or-break moment that could 
define its trajectory for months to come. A Defining Macro Crossroads For XRP 
XRP has yet to break through resistance, meaning the broader macro plan 
remains firmly in place. CasiTrades pointed out that although price staged a 
bounce, it failed to clear the key resistance level, and importantly, it has 
not formed a new low either. As a result, the overall range structure 
persists, with no confirmed shift in trend. Related Reading: XRP Triangle 
Could Point To Support Between $0.60 And $0.90 The outlook only changes if one 
of two clear scenarios plays out. Either XRP drops into the lower support 
zones at $1.11 or $0.87, where deeper downside targets would come into focus, 
or it decisively breaks above the $1.67 resistance level, signaling strength 
and a potential structural reversal. Until one of those levels is breached, 
there is no reason to adjust the larger macro framework. For now, price action 
is simply oscillating within the same established range. CasiTrades is closely 
monitoring for signs of increasing selling pressure that could develop into a 
clear Wave 3 down (subwave of 5). If that structure begins to form, it would 
align with expectations for another leg lower before any meaningful breakout 
attempt. Featured image from Getty Images, chart from Tradingview.com

XRP Sitting On The Edge: 200-Week EMA Signals Massive Move Ahead

Sam Bankman-Fried has launched a public campaign to secure a presidential 
pardon from Donald Trump, but the White House says clemency is not on the 
table. Despite adopting pro-Trump rhetoric, the former FTX CEO remains 
unlikely to receive relief. White House Rejects SBF’s Pardon Push Convicted 
former FTX CEO Sam Bankman-Fried is attempting a political […]

Sam Bankman-Fried’s Pardon Campaign Fails to Sway Trump

A UBS report dinged US stocks for being “overvalued” suggesting that better 
investment opportunities exist outside of US markets. Is this the next rally 
catalyst for Bitcoin?

Traders may rotate into Bitcoin if UBS’ bearish US stocks view comes true

Paramount Skydance to acquire Warner Bros Discovery in $110B deal as PSKY 
jumps 20% and Netflix rises 13%.
The post Paramount to acquire Warner Bros in $110B deal after Netflix steps 
aside appeared first on Crypto Briefing.

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