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The Biden Administration has been increasingly urged to intervene in the situation concerning the detained Binance executives. The leading cryptocurrency exchange has had multiple executives detained over the past couple of months in different jurisdictions, raising concerns over possible regulatory crackdowns on the virtual currency industry.
U.S. cryptocurrency advocates and Binance users have asked for President Biden’s assistance, calling attention to the potential diplomatic, economic, and legal complexities tied to the matter. It is argued that the continued detention of Binance executives has the potential to