BNB Retreats After Surging Past $1,000! CZ’s Return to Binance Faces Strong Pushback from U.S. Officials

TradingKey – Changpeng Zhao’s potential return to Binance remains uncertain, as BNB pulls back below the $1,000 mark.

On Friday, September 19, Binance Coin (BNB) gave back some of its recent gains, falling below $990 and currently trading at $986. Just yesterday, BNB had surged past the $1,000 threshold, hitting a new high of $1,006.

BNB Price Chart – Source: TradingView

News reports suggest that CZ’s comeback at Binance is facing political resistance. On Thursday (ET), U.S. Senator Elizabeth Warren and several congressional colleagues sent a letter to Attorney General Pam Bondi, requesting details about meetings with Binance and inquiring whether a presidential pardon for CZ is under consideration.

According to a September 16 report, Binance is negotiating with the U.S. Department of Justice to lift regulatory conditions that had previously forced CZ to step down. However, the sudden involvement of multiple U.S. officials has cast doubt on his reinstatement, potentially undermining community confidence and limiting BNB’s upside momentum.