According to the New York Post, CZ is considering suing US Senator Elizabeth Warren for defamation after she posted a message following Trump's pardon claiming CZ was "convicted of money laundering." However, CZ has never been convicted of money laundering and has only been accused of violating the US Bank Secrecy Act (BSA) and Binance's failure to implement effective anti-money laundering procedures. CZ's attorney, Teresa Goody Guillen, stated that she is preparing a letter through her requesting Warren retract the statement. If Warren does not formally retract the statement, CZ plans to immediately file a defamation lawsuit against the senator. Elizabeth Warren is a ranking Democrat on the Senate Banking Committee and has been one of the most vocal critics of the crypto space.