President Donald Trump pardoned Binance co-founder Changpeng Zhao, who had served prison time after pleading guilty to federal anti-money laundering violations

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U.S. Senator Richard Blumenthal previously sent formal inquiry notices to Binance regarding Iran-connected money laundering and to Tether regarding U.S. policy influence

Democratic majorities in the Senate and House of Representatives gain subpoena authority in January 2027, exposing non-compliant cryptocurrency executives to potential civil or criminal penalties

Cryptocurrency exchange Binance stated that it has zero tolerance for sanctions violations or illicit activity and permitted no transactions with sanctioned individuals

FinCEN, the United States Treasury's financial crimes unit, enacted special regulatory measures against cryptocurrency exchange MEXC

Deposit freezes at OKX affected TRC20 and ERC20 USDT transfers associated with high-risk addresses linked to compliance risks

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The U.S. Treasury Department's OFAC sanctioned four individuals and 41 entities connected to Cambodia-based Prince Group

U.S. federal prosecutors initiated civil forfeiture proceedings to recover approximately 127,271 Bitcoins, valued at about $14 billion to $15 billion, connected to Prince Group

The four individuals sanctioned by the U.S. Treasury on November 5, 2026 were Qiu Yong, Zhao Mengyao, He Yujing, and Visal Pang

The Financial Crimes Enforcement Network identified $12.7 billion in reported financial activity linked to suspected cryptocurrency investment scams between September 2023 and December 2025

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India's Enforcement Directorate searched premises linked to CoinDCX and Delta Exchange India, alleging CoinDCX routed users' trades through offshore platforms including Binance and Bybit

In October 2025, U.S. federal prosecutors in Brooklyn charged Prince Group chairman Chen Zhi with wire fraud and conspiracy to commit money laundering

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The FinCEN and the Federal Reserve rescinded a proposed Travel Rule amendment reducing the cryptocurrency transaction reporting threshold to $250

FinCEN alleged MEXC Global processed $22 million benefiting Iran's central bank and the Islamic Revolutionary Guard Corps' Qods Force, alongside nearly $200 million connected to the A7A5 stablecoin

The $3,000 transaction reporting threshold remains in place for qualifying cryptocurrency transfers under existing guidance from the Financial Crimes Enforcement Network

When FinCEN initially proposed lowering the reporting threshold in 2020, FinCEN argued that illicit actors were increasingly using transactions below $3,000 to move funds

FinCEN designated MEXC Global as a primary money laundering concern in connection with Russian illicit finance under Section 9714(a) of the Combating Russian Money Laundering Act

The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) issued a Section 9714(a) Combating Russian Money Laundering Act order prohibiting U.S. financial institutions from processing transfers with MEXC Global, effective 30 days after Federal Register publication

FinCEN cited severe deficiencies in MEXC Global's anti-money-laundering controls, noting the exchange processed trades with sanctioned Russian platform Garantex and successor Grinex as recently as June 2026

FinCEN found MEXC Global processed at least $16 billion in illicit transactions between May 2021 and May 2026, including nearly $1.5 billion tied to Russian sanctions evasion

FinCEN alleged that MEXC Global processed approximately $1 billion in direct transfers involving more than 40 Iranian crypto exchanges between May 2021 and May 2026