Key Points
- •Binance has hired Ches McDowell's firm for lobbying efforts in Washington.
- •The lobbying activities are focused on financial policy and seeking regulatory relief.
- •Company CEO Zhao Changpeng is reportedly pursuing a pardon.
Binance's Extensive Lobbying Strategy
Ches McDowell, a lobbyist with connections to Donald Trump Jr., has been engaged by Binance under a contract valued at $450,000. This strategic move signifies Binance's concerted effort to influence U.S. financial policymaking, which could significantly shape the company's regulatory standing and market position.
Binance has reportedly enlisted lobbyist Ches McDowell from North Carolina to address critical financial policy matters involving both the White House and the Treasury Department. This engagement represents Binance's most recent initiative to navigate the intricate regulatory environment within the United States. The firm's lobbying services have been contracted for a significant sum, amounting to $450,000 over a single month. Binance's substantial financial investment underscores its resolute commitment to influencing financial policy discussions in Washington, particularly as regulatory scrutiny intensifies.
The lobbying endeavors spearheaded by McDowell, supplemented by contributions from prominent cryptocurrency lawyer Teresa Goody Guillén, highlight Binance's comprehensive strategy to cultivate a more favorable regulatory climate. Teresa Goody Guillén and her law firm were brought on board in February to further advocacy efforts, with total fees for their services reaching $290,000 this year. In parallel with this broader strategy, Binance and its CEO, Zhao Changpeng, have been actively seeking a pardon concerning past legal challenges, reflecting a multifaceted approach to achieving both operational stability and legal security in key markets. Zhao Changpeng, Founder of Binance, has indicated efforts to secure a pardon from President Trump following a guilty plea related to anti-money laundering law violations in 2023.
The response from the cryptocurrency community to these developments has been varied, encompassing both optimism and skepticism. Some industry participants view the pardon and lobbying efforts as positive indicators for the mainstream acceptance of cryptocurrencies, potentially stemming from engagements with influential figures in the administration. Conversely, others express concerns that these actions might suggest preferential treatment, potentially distorting broader regulatory frameworks. While Binance's top leadership has not issued formal statements, some industry experts interpret these actions as a signal of the crypto industry's evolving strategy towards direct engagement with policymakers.
Market Context: BNB Price and Analysis
Ches McDowell's involvement highlights how the cryptocurrency sector is increasingly utilizing high-level political connections to shape regulatory landscapes, a strategy mirroring established practices in traditional financial industries.
According to data from CoinMarketCap, the BNB token is trading at $1,108.96, with a market capitalization of $154.34 billion, representing 4.11% of the total market dominance. The 24-hour trading volume has decreased by 44.34%, with notable price fluctuations observed across different timeframes, indicative of ongoing market volatility. The current circulating supply is reported at 139,179,812.65 BNB, nearing the maximum supply of 139,180,799.97 BNB, as of CoinMarketCap data at 15:30 UTC on October 25, 2025.
Experts from the Coincu research team suggest that Binance's lobbying initiatives may establish new precedents for regulatory adaptability within the cryptocurrency sector. The long-term consequences of these efforts could involve significant shifts in the United States' policy stance towards cryptocurrencies, potentially triggering broader adaptations across the global crypto ecosystem. Such strategic affiliations underscore the dynamic interplay between industry innovation and regulatory demands.