List of Flash News about Senate resolution
| Time | Details |
|---|---|
|
2025-10-27 16:25 |
Warren and Schiff Advance Non-Binding Senate Resolution Denouncing Trump Pardon of Binance Founder CZ: Implications for BNB and Exchange Tokens
According to the source, U.S. Senators Elizabeth Warren and Adam Schiff are pushing a Senate resolution denouncing a pardon of Binance founder Changpeng Zhao by former President Donald Trump, signaling renewed legislative attention on centralized exchanges and BNB (source: public post on X dated Oct 27, 2025). Senate resolutions are non-binding and do not create or change law, indicating no immediate regulatory or compliance changes for exchanges or BNB holders from the resolution itself (source: U.S. Senate Glossary). Binance and Zhao previously admitted to criminal violations, agreed to pay $4.3 billion in penalties, and Zhao stepped down as CEO with ongoing compliance obligations, underscoring continuing U.S. oversight of Binance operations (source: U.S. Department of Justice press release, Nov 21, 2023). Any formally introduced resolution will be assigned an S.Res. number and listed with text and status on Congress.gov, providing traders a verifiable trigger to monitor before recalibrating headline risk exposure in BNB and exchange tokens (source: Congress.gov). |