Binance.com has employed the same lobbyists as Binance US, raising concerns that the two companies may not be operating separately.

According to the Financial Times, Binance International (Binance.com) has hired the same lobbyist, Hogan Lovells, as Binance US, which has raised concerns.

According to a report by the Financial Times, Binance.com has hired the same lobbying representative, Hogan Lovells, as Binance US, causing concerns among the public. Binance Holdings Limited, registered in the Cayman Islands (the parent company of Binance.com), has also hired the same firm, Hogan Lovells, which was responsible for lobbying for Binance US in Congress. According to documents from the US Congress, Hogan Lovells will continue working for Binance US until November 2022. The day after their departure, Binance Holdings rehired the firm to assist Binance.com in lobbying Congress, with the same individuals handling the lobbying efforts. It is important to note that such actions are not in violation of any regulations and are quite common. Charley Cooper, Executive Director of blockchain startup R3, stated, "Hiring the same firm and using the same strategy for lobbying is completely legal. However, Binance's claim that the two companies are independent may raise perception issues." A spokesperson for Binance mentioned, "The reason for hiring the same firm is that Binance.com has never operated in DC before, so we needed to find a firm that understands both cryptocurrencies and the importance of the industry to Binance's CEO. Hogan Lovells was the best choice." In the past, Binance has always claimed that Binance US operates independently and complies fully with US regulations, while Binance.com does not serve US users. However, there are growing concerns that perhaps the two companies are not as independent as they claim, especially after the FTX bankruptcy incident. Some fear that if Binance International encounters issues, it could also affect Binance US. The Binance spokesperson further stated that following the FTX bankruptcy, Binance received inquiries from some members of Congress, which may have led to the decision to hire Hogan Lovells. Recently, the Financial Crimes Enforcement Network (FinCEN) listed Binance as a counterparty to Bitzlato, which could involve flows of funds. Anatoly Legkodymov, co-founder of Bitzlato, is suspected of handling $700 million in illegal funds. Binance has expressed its full cooperation with any investigations.