Senate Democrats demand answers on Trump’s pardon of Binance’s CZ

💡 DMK Insight

The political fallout from Trump’s pardon of Binance’s Zhao could shake crypto markets significantly. Senate Democrats are pushing for accountability, labeling the pardon as corrupt. This scrutiny might lead to increased regulatory pressure on Binance and the broader crypto space, which is already sensitive to government actions. Traders should be aware that any negative developments could trigger volatility, especially if they coincide with key support levels in major cryptocurrencies. If Bitcoin or Ethereum break below their recent support zones, we could see a cascade effect across altcoins as fear sets in. On the flip side, if the market perceives this as a buying opportunity, we might see a rally, but that hinges on how the news unfolds. Keep an eye on the next few days for any statements from the DOJ or further political developments. A clear signal from lawmakers could either bolster or undermine market confidence, so stay alert for any shifts in sentiment that could impact your positions.