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Update (May 7 at 9:47 PM UTC): This article has been updated to include a statement from Binance.<\/em><\/p>\n The US Department of the Treasury reportedly demanded that Binance follow a monitoring program put in place by a 2023 deal between authorities and the cryptocurrency exchange, following reports that the company facilitated $1 billion to entities tied to Iran.<\/p>\n According to a Thursday report<\/a> by The Information, the Treasury Department \u201cprivately demanded\u201d that Binance be in compliance with a monitoring program to which it had agreed after reaching a deal with US authorities in 2023. The deal, which included a $4.3 billion settlement with Treasury and the US Department of Justice, required Binance to comply with a three-year monitoring program overseen by government officials.\u00a0<\/p>\n The reported letter from Treasury followed reports that Binance fired individuals responsible<\/a> for telling the exchange\u2019s executives that $1 billion flowed through the platform to entities tied to Iran. A group of senators followed, urging Treasury Secretary Scott Bessent<\/a> to report on Binance\u2019s adherence to the 2023 settlement. <\/p>\n \u201cBinance is committed to cooperating with the independent monitor and our ongoing collaboration with relevant agencies,\u201d a spokesperson for the exchange told Cointelegraph in response to the report. The spokesperson said:<\/p>\n \u201cWe welcome constructive feedback from the Treasury and view this oversight as an important part of continuously strengthening our compliance and anti-money laundering controls. We are providing the monitor with full cooperation and transparency.\u201d<\/p><\/blockquote>\n Binance\u2019s ties to the Trump administration have come under scrutiny since a United Arab Emirates-based entity invested $2 billion in the crypto exchange using the USD1 stablecoin issued by World Liberty Financial, the company co-founded by US President Donald Trump and his sons. Trump also pardoned former Binance CEO Changpeng Zhao in October 2025. <\/p>\n Related: <\/strong><\/em>US authorities freeze $344M in crypto linked to Iran<\/strong><\/em><\/a><\/p>\n Zhao pleaded guilty to one felony charge related to failure to maintain an anti-money laundering regime at Binance as part of the 2023 settlement.<\/p>\n Changpeng Zhao speaking at Consensus on Thursday. Source: Cointelegraph<\/em><\/p>\n The Information\u2019s report coincided with Zhao’s appearance at the Consensus conference in Miami on Thursday. <\/p>\n The former CEO said he had been \u201ctrying to avoid [the] US\u201d but floated the idea of revitalizing Binance.US to give users access to global liquidity. He also dismissed the idea of being in a leadership role at a crypto company again, having resigned as Binance CEO in November 2023.<\/p>\n \u201cI don’t think I\u2019ve got the stamina to run another startup, to lead another company,\u201d said Zhao. \u201cI\u2019m a one-trick pony. I\u2019m okay with that level. I\u2019m done.\u201d<\/p>\n Magazine: <\/strong><\/em>Guide to the top and emerging global crypto hubs: Mid-2026<\/strong><\/em><\/a><\/p>\n<\/div>\nZhao rules out leading another crypto company<\/h2>\n