CZ Denies Money Laundering Claims as Senators Target Crypto Under Biden Administration; Bitcoin Not Specifically Mentioned

COINOTAG News, on October 24, reported that Binance founder CZ responded to a public post by a U.S. senator, arguing the post mischaracterized the facts surrounding an alleged matter and stating there is no money laundering accusation.

In a subsequent social media note, CZ asserted that ‘there is absolutely no money laundering accusation,’ contending the narrative overstates the issue. The exchange underscores ongoing tensions between crypto executives and policymakers as cryptocurrency regulation takes shape.

CZ added that just five days before what he described as his sentencing, the same senator publicly vowed to target crypto on national television, a stance unfolding under the Biden administration. The development informs near-term investor expectations as regulators refine the crypto regulatory framework.