The US Department of Justice has launched an investigation into Iran’s use of Binance after accusations of terrorist financing against the country were dropped earlier this month.
Speaking on the Blockchain Bulletin, Payment Expert’s Senior Journalist, Callum Williams, reveals how the lawsuit, which claims that Binance supported terrorist organisations from 2016 – 2024, was ultimately dropped due to a failure to provide sufficient legal connection.
Williams continues, noting that Binance had previously filed a lawsuit against the Wall Street Journal over an article claiming that the crypto exchange platform had fired investigators after they uncovered $1bn had been sent to Iran backed terror groups.
So far, only two U.S. Federal Courts, those of Alabama and New York, have dismissed the claims made against Binance.
Elsewhere, Mastercard is looking to connect 85 crypto and digital asset companies to its global network of existing payment rails.
Their crypto partner program will focus on developing use cases on cross border and B2B payments. Partners involved include names such as Binance, PayPal, and Ripple.
U.S. Senator Angela Alsobrooks is claiming that both banks and crypto firms may find themselves unhappy with the decisions regarding stable coin interest.
Delivered during an American Bankers Association summit meeting in Washington, the Senator from Maryland has been attempting to resume discussions around the banking committee’s clarity act draft.
This happens after U.S. President Donald Trump signed new executive orders to give greater protection over the U.S. crypto industry.
The order was signed after a record $2bn was stolen by North Korean hackers last year and will see American cyber strategy deploy and promote the usage of postquantum cryptography in the protection of its digital assets.
Finally, Ripple is looking to secure a financial services licence in Australia through the proposed acquisition of BC Payments Australia.
An Australian licence would allow the digital payment solutions company to oversee crypto payment settlements while connecting to local payout partners.
