#TRUMP
US Senator Gives Binance, Tether and Trump-Linked Crypto Firms January 4 Deadline
Key takeaways
Binance and Tether face renewed Senate document demands
Trump-linked crypto firms receive January compliance deadline
Senator warns further investigative measures could follow
US Senator Richard Blumenthal has given Binance, Tether and two cryptocurrency businesses associated with President Donald Trump until January 4, 2027, to provide outstanding records, warning that continued noncooperation could trigger stronger congressional investigative measures.
In a November 5 announcement, Blumenthal identified Binance, Tether, World Liberty Financial and Fight Fight Fight LLC among the recipients of renewed document requests.
Binance and Tether Face Renewed Scrutiny Over Illicit Crypto Transactions
Blumenthal's inquiry into Binance focuses partly on allegations that the exchange facilitated transactions involving sanctioned entities linked to Iran and Russia.
In February, the senator requested information about an alleged $1.7 billion in transactions connected to sanctioned networks. The inquiry added to previous regulatory scrutiny surrounding the exchange's anti-money-laundering practices.
He subsequently questioned whether Binance had fulfilled the compliance obligations established under its previous US regulatory settlements.
Tether faces a separate inquiry concerning the use of its $USDT stablecoin in Iranian financial networks.
Blumenthal's September report alleged that $USDT had become an important component of Iran's shadow banking infrastructure, while an October investigation raised additional questions about payments involving a consulting firm associated with a former White House cryptocurrency official.
These remain allegations and congressional findings that have not been established as criminal violations by either #Write2Earn #Tether #Binance $TRUMP
US Senator Gives Binance, Tether and Trump-Linked Crypto Firms January 4 Deadline
Key takeaways
Binance and Tether face renewed Senate document demands
Trump-linked crypto firms receive January compliance deadline
Senator warns further investigative measures could follow
US Senator Richard Blumenthal has given Binance, Tether and two cryptocurrency businesses associated with President Donald Trump until January 4, 2027, to provide outstanding records, warning that continued noncooperation could trigger stronger congressional investigative measures.
In a November 5 announcement, Blumenthal identified Binance, Tether, World Liberty Financial and Fight Fight Fight LLC among the recipients of renewed document requests.
Binance and Tether Face Renewed Scrutiny Over Illicit Crypto Transactions
Blumenthal's inquiry into Binance focuses partly on allegations that the exchange facilitated transactions involving sanctioned entities linked to Iran and Russia.
In February, the senator requested information about an alleged $1.7 billion in transactions connected to sanctioned networks. The inquiry added to previous regulatory scrutiny surrounding the exchange's anti-money-laundering practices.
He subsequently questioned whether Binance had fulfilled the compliance obligations established under its previous US regulatory settlements.
Tether faces a separate inquiry concerning the use of its $USDT stablecoin in Iranian financial networks.
Blumenthal's September report alleged that $USDT had become an important component of Iran's shadow banking infrastructure, while an October investigation raised additional questions about payments involving a consulting firm associated with a former White House cryptocurrency official.
These remain allegations and congressional findings that have not been established as criminal violations by either #Write2Earn #Tether #Binance $TRUMP
