Executives from Binance reportedly engaged with US Treasury officials the previous month to talk about easing governmental oversight of the company. They also explored a potential business collaboration with World Liberty Financial, President Donald Trump’s cryptocurrency venture.

According to sources familiar with the discussions, the world’s largest cryptocurrency exchange requested Treasury officials to discontinue US monitoring of its adherence to anti-money-laundering regulations.

Additionally, Binance has reportedly been in discussions to list a fresh dollar-pegged cryptocurrency from World Liberty Financial.

During the meeting, Binance CEO Richard Teng and Chief Legal Officer Eleanor Hughes requested the elimination or reduction of the duration and scope of the monitorship.

Requests for comment from Binance, the Treasury Department, and World Liberty Financial were not immediately fulfilled.

Last month, it was reported that Binance’s founder, Changpeng Zhao, had been seeking a pardon from the administration.

In November 2023, Zhao resigned from his CEO position and admitted guilt to violating US anti-money laundering laws, resulting in a $4.3 billion settlement to resolve a protracted investigation.