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US Senator Launches Investigation into Binance

A new investigation closely related to the cryptocurrency market is underway in the US. Connecticut Senator Richard Blumenthal has initiated a formal Senate inquiry into Binance, the world's largest cryptocurrency exchange, over allegations of sanctions violations. The allegations claim that up to $1.7 billion in cryptocurrency transfers were made through the exchange to entities linked to Iran. The investigation centers on funds allegedly transferred to certain Iranian-linked organizations, including the Houthis operating in Yemen. According to a New York Times <a href="https://www.nytimes.com/2026/02/24/technology/richard-blumenthal-iran-binance-inquiry.html" target="_blank" rel="noreferrer" class="text-primary underline">report</a>, internal audit teams at Binance have linked more than 1,500 accounts to Iranian-related activities. It is alleged that high-volume transactions were conducted through these accounts, particularly between March 2024 and August 2025. The most notable aspect of these transfers is that they were largely made using the USDT stablecoin and via the Tron network, which is frequently preferred for cross-border transactions due to its low transaction fees and fast transfer speeds. However, this technical advantage also brings it under the focus of regulators when it comes to sanctions.<h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Letter sent to the CEO</h2>In a letter sent to <a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance</a> CEO Richard Teng, Blumenthal requested details of the relationships with two Hong Kong-based companies. Allegedly, a Hong Kong company called Blessed Trust opened an account on the platform as one of Binance's suppliers and was the source of Iranian-linked transfers. Binance announced that this account was closed in January and that work with the company was terminated.The senator also requested documents regarding the dismissal of compliance personnel who detected sanctions violations. News reports indicate that some employees conducting the internal investigation were fired. Binance, however, argues that these personnel changes are related to violations of internal data policies, not sanctions findings.Binance categorically denies the allegations. Company spokespersons state that there are no Iranian users on the platform and that strict KYC (know your customer) and sanctions control procedures are implemented. CEO Richard Teng described the news as "defamatory." The company also stated that since the beginning of 2024, the total volume of transactions related to high-risk and sanctioned areas has been reduced by 97 percent, and the share of such transactions in the total volume has fallen to 0.009 percent.This investigation is taking place in the shadow of Binance's past sanctions proceedings with US authorities. In 2023, the company reached a $4.3 billion settlement with US regulators for money laundering and sanctions violations. Founder and CEO Changpeng Zhao resigned and later received a four-month prison sentence. This process reinforced the expectation that crypto exchanges bear similar responsibilities to banks regarding sanctions compliance.Recent developments show that centralized crypto exchanges are now considered not only technology platforms but also global financial intermediaries. Stablecoin infrastructures and networks offering high liquidity facilitate global capital flows, while national sanctions regimes try to place limits on these flows. At the intersection of these two systems, regulatory pressure is directed directly at the exchanges. The documents requested by Blumenthal and the internal investigation report that Binance has announced it will submit to the Department of Justice will determine the course of events.Finally, it should be noted that Binance's BNB coin was completely unaffected by this development; on the contrary, it experienced a 5% increase. <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/bnbusdt-2026-02-25-17-05-08-3a0204e7.webp" alt="BNBUSDT_2026-02-25_17-05-08.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure>

25 Feb 2026

Meta is Returning to the Crypto Space: All Eyes Are on Q2

Meta is preparing to return to the stablecoin market. However, this time, instead of issuing its own token, the company aims to establish a dollar-backed digital payment system in collaboration with a third-party provider. The plan is expected to be implemented in the second half of 2026.According to <a href="https://www.bloomberg.com/news/articles/2026-02-24/meta-testing-stablecoin-payments-as-digital-currencies-take-off?" target="_blank" rel="noreferrer" class="text-primary underline">Bloomberg</a>, Meta has submitted Request for Proposal (RFP) documents to various companies for stablecoin and digital wallet integration. The company is reportedly particularly keen on working with Stripe on the payment infrastructure side. Stripe's acquisition of stablecoin infrastructure firm Bridge last year and CEO Patrick Collison's joining Meta's board of directors in April 2025 have strengthened the strategic rapprochement between the two companies.This move puts Meta in the same league as other tech giants developing digital payment systems through social platforms. Telegram already has an integrated digital payment model, while X (formerly Twitter) has moved from internal testing to its first external beta phase. Strengthening the payment infrastructure of social media platforms creates an alternative to the traditional banking system, especially for cross-border money transfers and payments to content creators. From Meta's perspective, scale is the biggest advantage. The company has over 3.2 billion users worldwide. A <a href="https://jrkripto.com/tr/category/stablecoins" target="_blank" rel="noreferrer" class="text-primary underline">stablecoin</a>-backed wallet integrated into such a user base could provide instant access on a global scale. Furthermore, Meta could create a new revenue stream through transaction fees or platform commissions. The company recently announced revenue of $59.89 billion in the fourth quarter of 2025; this represents a 24% year-on-year increase. <h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">A more cautious turn after Libra</h2>Meta's stablecoin history, however, has been quite turbulent. In 2019, the company launched a fiat-backed stablecoin project called Libra. The project aimed to establish a global payment system via social media. However, intense pressure from regulators in the US and Europe, along with concerns about data privacy and financial stability, led to significant resistance. In 2020, Libra was renamed Diem; however, regulatory hurdles were not overcome. As a result, Meta completely terminated the Diem project in 2022 and sold the intellectual property rights to Silvergate Bank for $182 million. That same year, the company also shut down Novi, its digital wallet which had failed to deliver the expected performance due to its connection to Diem. This experience clearly demonstrated that the company needed to manage regulatory risks more carefully.Meta's decision to use third-party infrastructure instead of issuing its own stablecoin in this new venture is seen as a strategic step to avoid direct regulatory pressure. One source indicates that the company wants to run this project "at arm's length." This approach aims to prevent a repetition of the political and legal tensions experienced during the Libra era.The timing is also noteworthy. A clearer framework for stablecoin regulations is being established in the US; the GENIUS Act, introduced during President Donald Trump's administration, signals a more lenient approach to the sector compared to previous years. In 2019, when Libra was launched, the stablecoin market was approximately $1 billion. Today, that figure has risen to over $300 billion. The fact that major financial and technology companies like PayPal, Visa, and Stripe are expanding their stablecoin operations throughout 2025 makes Meta's move even more legitimate.

25 Feb 2026

Hong Kong Presses the Button for Stablecoin

Hong Kong has announced notable steps in its 2026–27 budget to gain a competitive edge in the global <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">cryptocurrency </a>market. In his budget address on Wednesday, Finance Secretary Paul Chan <a href="https://www.budget.gov.hk/2026/eng/pdf/e_budget_speech_2026-27.pdf" target="_blank" rel="noreferrer" class="text-primary underline">announced </a>that the first licenses for fiat-backed stablecoin issuers will be issued in March. He also stated that a new bill covering companies offering digital asset trading services and custodians will be submitted to the Legislative Council later this year. <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-02-25-134710-12b452f4.webp" alt="Ekran görüntüsü 2026-02-25 134710.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> The Hong Kong government already has a licensing regime in place for stablecoin issuers. Chan said regulators will continue to support licensed entities in developing different use cases within a “compliant and risk-controlled” framework. The first licenses expected to be issued in March are anticipated to be limited in number.<h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">HKMA statements earlier this month</h2>HKMA Chief Executive Eddie Yue also stated earlier this month that applications are being thoroughly reviewed in terms of use case, risk management, anti-money laundering (AML) controls, and asset collateral. This approach points to a strategy focused on building robust infrastructure and trust rather than rapid expansion.Another prominent item in the budget was increasing liquidity in the digital asset market. The Securities and Futures Commission (SFC) will take new steps to increase depth in the crypto asset market and strengthen price discovery. The SFC's plan to allow crypto margin financing and derivative products for professional investors is also part of this strategy. The institution has prioritized improving market quality, strengthening investor confidence, and expanding product innovation in a controlled manner.Tokenization is at the heart of Hong Kong's digital asset vision. Chan said that legal clarity will be increased regarding the recording of traditional financial instruments on the blockchain. In particular, guidance will be published on the ability to keep bondholder records on the blockchain. It was also stated that the use of electronic signatures in the issuance of tokenized bonds is being evaluated.A new digital asset platform will be established this year by CMU OmniClear Holdings under the HKMA. The platform will provide infrastructure for the issuance and exchange of tokenized bonds and will be expanded to other digital assets over time. It is planned to integrate with other tokenization systems in the region, supporting Hong Kong's goal of becoming a regional digital finance hub.The Hong Kong government conducted a third-party tokenized government bond issuance in the last quarter of 2025, selling a total of 10 billion Hong Kong dollars (approximately $1.28 billion). The administration announced that such issuances will become regular. This step represents a transition from pilot programs to a permanent market infrastructure.On the other hand, alignment with global standards will also be ensured on the tax side. Over the next two years, Hong Kong will amend its Income Tax Regulations to implement the OECD's Crypto Asset Reporting Framework (CARF) and the updated Common Reporting Standard. This will allow the city to comply with increasing international tax transparency rules for crypto assets.

25 Feb 2026

Binance Delists 7 Crypto Pairs, Adds 4 New Pairs

Binance, one of the largest platforms in the cryptocurrency market in terms of liquidity and product variety, has released two important announcements regarding spot and margin trading. The exchange decided to delist some spot trading pairs, while on the margin side, it announced that it will make new trading pairs available to users.<h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">7 spot trading pairs are being delisted</h2>According to the company's statement, <a href="https://jrkripto.com/tr/exchanges/binance" target="_blank" rel="noreferrer" class="text-primary underline">Binance</a> conducts regular reviews in the spot market to maintain trading quality and protect its users against low liquidity risks. As a result of these reviews, some trading pairs that cannot provide sufficient trading volume and liquidity may be removed from the platform.In this context, trading will be stopped on the DOT/BRL, GALA/BRL, GALA/EUR, GRT/ETH, GRT/EUR, OP/EUR and SOL/ARS spot trading pairs as of February 27, 2026 at 06:00 UTC. The <a href="https://www.binance.com/en/support/announcement/detail/bc62fa3ea64d4326ac32781b50565519" target="_blank" rel="noreferrer" class="text-primary underline">removal </a>of these pairs does not mean that the relevant tokens are completely delisted. Users will continue to buy and sell these assets on Binance Spot through different trading pairs. <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-02-25-104008-1f4bc57c.webp" alt="Ekran görüntüsü 2026-02-25 104008.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> Binance also specifically emphasized that ARS, BRL, and EUR are fiat currencies and do not represent any digital assets. This detail aims to prevent confusion, especially for new investors.The removal of spot pairs affects not only manual trades but also automated strategies. Binance announced that Spot Trading Bot services operating on the specified pairs will also be terminated on the same date and time. Users are advised to update or cancel their bots to prevent potential losses. Otherwise, open positions may be affected by unexpected price movements.<h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">4 New Additions to the Margin Platform</h2>On the other hand, Binance continues to expand its product range in the margin market. The company <a href="https://www.binance.com/en/support/announcement/detail/9be0d662b9434e44a59aea700038b274" target="_blank" rel="noreferrer" class="text-primary underline">announced</a> that it will list the TAO/USD1 trading pair on the Cross Margin side as of February 25, 2026, at 11:00 AM UTC. On the same day, as of 1:00 PM UTC, the ADA/U, DOGE/U, and PEPE/U trading pairs will also be accessible to users on the Cross Margin market.This expansion on the margin side could offer new opportunities, especially for investors who trade with leverage. <figure class="my-6"> <img src="https://minio-api-1.jrkripto.com/blog/ekran-g-r-nt-s-2026-02-25-104026-ba236626.webp" alt="Ekran görüntüsü 2026-02-25 104026.png" width="auto" height="auto" class="w-full rounded-lg border" /> </figure> However, Binance cautioned users to practice strict risk management, noting that newly listed pairs often have high volatility. It reminded users that details such as margin requirements, interest rates, and maximum borrowing limits should be carefully examined in margin trading.The recent volatile trading volumes in the crypto market are leading exchanges to place more emphasis on product optimization. Removing low-volume pairs allows liquidity to concentrate in stronger markets, while new margin listings target investors with a high risk appetite. As a result, Binance is simultaneously cleaning up underperforming trading pairs and expanding leveraged trading opportunities in in-demand assets.

25 Feb 2026

Banks are Opening Their Doors to Crypto: FED Intervenes

The Federal Reserve (Fed), also known as the US central bank, has taken a critical step that could ease tensions between the <a href="https://jrkripto.com/tr/analytics" target="_blank" rel="noreferrer" class="text-primary underline">cryptocurrency </a>sector and traditional finance. The institution has launched a public consultation process for a formal proposal to permanently remove the concept of "reputational risk" from its bank supervision framework.The Fed's proposal aims to prevent banks from distancing themselves from legally operating customers solely on the grounds of "reputation." This change is seen as a significant turning point, especially for crypto companies that have argued they have experienced difficulties accessing banking services in recent years.<h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">60-day consultation period begins</h2>The proposal, announced on February 23, 2026, will allow for a 60-day public comment period before the regulation is finalized. Comments will be collected after publication in the Federal Register, and the final decision will be made in light of these evaluations.The Fed actually signaled this policy change in June 2025. In that statement, it was indicated that "reputational risk" would no longer be considered in supervisory programs. The step taken now aims to make this approach a binding regulation rather than a temporary guidance.According to the new framework, bank supervisions; It will be based on measurable financial criteria such as capital adequacy, liquidity, financial soundness, risk management, and compliance with existing laws. Public perception, political sensitivities, or social debates will not be part of the audit process.<h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">Bowman: Discrimination has no place in auditing</h2>Federal Vice Chair for Supervision Michelle W. Bowman made striking statements on the subject. Bowman said that they had heard disturbing examples of some auditors pressuring banks because of their clients' political views, religious beliefs, or because they operate in legal but controversial sectors, citing "reputational risk" concerns.According to Bowman, this kind of discrimination against legally operating individuals and institutions has no place in the Fed's audit framework. The primary purpose of auditing is to ensure financial stability; not to indirectly push certain sectors out of the system. <h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">"Operation Choke Point 2.0" debate</h2>Crypto sector representatives and some Republican politicians have been calling the practices of recent years "Operation Choke Point 2.0." This statement refers to claims that banks are being discouraged from working with digital asset companies.Senator Cynthia Lummis welcomed the Fed's proposal. Lummis stated that the Fed should not act as both judge and jury for digital asset companies, and that permanently removing "reputational risk" is important for the goal of making the US a global center in the digital asset space.US President Donald Trump had also previously promised to end the practices referred to as "Operation Choke Point 2.0." The political dimension of the discussions has made the issue of access to the banking system not only a financial but also a political agenda item.<h2 class="text-left text-foreground text-3xl font-bold mb-3 mt-1">What does this mean for banks and crypto companies?</h2>If the proposal becomes law, banks may feel less apprehensive about facing regulatory pressure when working with crypto companies. This could allow crypto firms to more easily access basic banking services such as account opening, access to payment systems, payroll, and tax processing.Clearer rules could also pave the way for large financial institutions to take a more active role in areas such as digital asset custody, clearing, and ETF services. This could accelerate the integration between traditional finance and the crypto ecosystem. Consequently, the Fed's move to remove "reputational risk" from its supervisory framework is seen not merely as a technical regulatory change, but as a strategic move that could redefine the crypto sector's position within the financial system. The final decision, following a 60-day consultation period, will be crucial for both the banking sector and the digital asset market.

24 Feb 2026

Altcoin

US Senator Launches Investigation into Binanceabout 7 hours ago

Blockchain, Altcoin

Meta is Returning to the Crypto Space: All Eyes Are on Q2about 9 hours ago

Regulation

Hong Kong Presses the Button for Stablecoinabout 11 hours ago

Altcoin

Binance Delists 7 Crypto Pairs, Adds 4 New Pairsabout 14 hours ago

Regulation

Banks are Opening Their Doors to Crypto: FED Intervenes1 day ago

Altcoin

US Senator Launches Investigation into Binanceabout 7 hours ago

Blockchain, Altcoin

Meta is Returning to the Crypto Space: All Eyes Are on Q2about 9 hours ago

Regulation

Hong Kong Presses the Button for Stablecoinabout 11 hours ago

Altcoin

Binance Delists 7 Crypto Pairs, Adds 4 New Pairsabout 14 hours ago

Regulation

Banks are Opening Their Doors to Crypto: FED Intervenes1 day ago

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