The January 4, 2027 deadline wasn’t picked at random: the new Congress convenes on January 3, Democrats take control, and Blumenthal is expected to become chair of the Senate Permanent Subcommittee on Investigations. Only then will he have the power to subpoena documents. For now, he is merely the subcommittee’s ranking minority member, and this letter is only a request for cooperation.
The list of recipients is also worth noting: Binance and Tether relate to the illicit use of cryptocurrency and the Trump administration’s dealings with crypto companies; World Liberty Financial and Fight Fight Fight LLC relate to conflicts of interest involving the Trump family’s crypto businesses. The letter combines both threads: on one side, a stablecoin issuer; on the other, the president’s family business.
The investigation has yet to reach any conclusions. After he takes the chair on January 3, who receives the first subpoena will say more than the letter itself.
#币安 #Tether #CryptoRegulation
The list of recipients is also worth noting: Binance and Tether relate to the illicit use of cryptocurrency and the Trump administration’s dealings with crypto companies; World Liberty Financial and Fight Fight Fight LLC relate to conflicts of interest involving the Trump family’s crypto businesses. The letter combines both threads: on one side, a stablecoin issuer; on the other, the president’s family business.
The investigation has yet to reach any conclusions. After he takes the chair on January 3, who receives the first subpoena will say more than the letter itself.
#币安 #Tether #CryptoRegulation