Binance Invests $740,000 in Lobbying for Policy Changes
Binance has engaged U.S. lobbyists, including Ches McDowell and Teresa Goody Guillén, to seek regulatory relief and potential presidential pardons for Changpeng Zhao. This strategic move, initiated in September 2025, highlights Binance's intensified lobbying efforts amid significant regulatory challenges in the United States. The company has reportedly spent over $740,000 on these initiatives since February 2025, underscoring the growing intersection of the cryptocurrency industry and political engagement.
"We're focused on financial policy issues and administrative relief." — Ches McDowell, Founder, Checkmate Government Relations
This approach signifies Binance's commitment to navigating the complex U.S. regulatory environment. Reactions from within the broader cryptocurrency industry regarding these lobbying efforts have not yet been publicly disclosed by notable entities. Similarly, Binance and the involved parties have remained silent on the specifics of their lobbying activities.
BNB Price Shows Limited Reaction Amidst Legislative Push
Despite Binance's significant lobbying investment, the market reaction for Binance Coin (BNB) has been muted, with only minor price changes observed. This suggests a degree of uncertainty or cautious observation among market participants regarding the potential impact of these political engagements. The current trading data for BNB indicates a price of $1,134.36, with a market capitalization of $157.88 billion and a market dominance of 4.12%. The 24-hour trading volume stands at $2.39 billion, representing a decrease of 13.47% from the previous period. Over the last 24 hours, BNB's price has seen an increase of 1.67%, contributing to a general upward trend observed over the past 90 days.
Coincu's research suggests that successful lobbying efforts could lead to alterations in Binance's operational strategies through legislative adjustments. This trend indicates a growing reliance on political channels by major cryptocurrency exchanges to secure strategic advantages within evolving regulatory landscapes. Binance's current lobbying activities align with a broader industry trend of increased political expenditure by cryptocurrency firms seeking favorable regulatory conditions in the United States.