U.S. House Demands Release of Binance Exec Tigran Gambaryan Amid Health Crisis
The U.S. House Foreign Affairs Committee recently passed H.Res. 1348, urging Nigeria to release Binance’s head of financial crime compliance, Tigran Gambaryan, who has been detained since February. Gambaryan, accused of illegal financial activities, faces serious health issues, including pneumonia and a herniated disk, prompting urgent calls for his release.
The U.S. Committee has heightened diplomatic pressure, criticizing Nigeria’s lack of cooperation and calling for Gambaryan to be classified as "wrongfully detained." The situation has drawn international attention, especially as Binance connects Gambaryan's case to its compliance with Nigeria’s evolving regulatory framework for Virtual Asset Service Providers.
Despite these challenges, Binance remains strong, reporting a 40% rise in institutional investor interest this year. The crypto community is closely watching how the case and upcoming regulatory developments, including the anticipated release of Binance founder Changpeng Zhao, will impact the market.
This case reflects the growing tension between international crypto regulation, corporate responsibility, and human rights.
In related news: Polygon's POL token rose 5% following an upgrade to dApps and rebranding from MATIC.
