Binance Hires Lobbyists for Washington Policy Influence

Ches McDowell, a lobbyist with ties to Donald Trump Jr., has been enlisted by Binance for significant lobbying in Washington, securing a $450,000 contract in September.

This lobbying underscores Binance’s strategic push within U.S. financial policymaking, potentially influencing the company’s regulatory landscape and impacting its market positioning.

Binance’s $740,000 Lobbying Push Amid Regulatory Pressure

Binance reportedly hired lobbyist Ches McDowell from North Carolina to address pressing financial policy issues involving the White House and the Treasury Department. This hiring marks Binance’s latest effort in navigating complex regulatory landscapes in the United States. The firm’s lobbying work has been quantified at $450,000 paid over a month. Binance’s significant financial commitment emphasizes its determination to influence financial policy discussions in Washington amid tightening regulatory scrutiny.

The lobbying efforts by McDowell, along with auxiliary contributions from prominent cryptocurrency lawyer Teresa Goody Guillén, underscore Binance’s strategy to secure a favorable regulatory environment. Teresa Goody Guillén and her law firm were brought on board in February for further advocacy efforts, totaling $290,000 in fees this year. As part of this broader strategy, Binance and company CEO Zhao Changpeng have been actively pursuing a pardon related to past legal issues, reflecting a multi-faceted approach to securing both operational and legal stability in crucial markets. Zhao Changpeng (CZ), Founder, Binance, stated, “Successfully lobbied for a pardon from President Trump after pleading guilty to violating anti-money laundering laws in 2023.”

The cryptocurrency community’s response has been a mix of optimism and skepticism. Some stakeholders view the pardon and lobbying efforts as a step toward mainstream acceptance of cryptocurrencies, seen through potential engagements with key administration figures. Others, however, question whether these efforts signal preferential treatments that could skew the larger regulatory frameworks. Despite the lack of formal statements from the top leadership within Binance, some experts consider these actions indicative of the crypto industry’s shifting strategy towards direct engagement with policy-makers.

BNB Price and Market Analysis Amid Lobbying Activities

Did you know? Ches McDowell’s influence highlights how the crypto sector increasingly leverages high-level political connections to shape regulatory landscapes, reflecting age-old strategies seen in traditional financial industries.

Data from CoinMarketCap indicates BNB is priced at $1,108.96, with a market cap of $154.34 billion, showing a dominance of 4.11% in the market. The 24-hour trading has seen a decrease of 44.34%, with notable price changes over various timeframes, reflecting ongoing market fluctuations. The circulating supply currently stands at 139,179,812.65 out of a max supply of 139,180,799.97, according to CoinMarketCap at 15:30 UTC on October 25, 2025.

Experts from the Coincu research team suggest that Binance’s lobbying efforts may pave new pathways in regulatory adaptability for the crypto sector. Long-term implications could include shifts in U.S. policy posture towards cryptocurrencies, with potential ripple effects across global crypto ecosystem adaptations. Such affiliations spotlight the dynamic intersection where industry innovation meets regulatory demands.