U.S. Democratic Senator again asks Binance, Tether, and Trump-linked crypto companies to voluntarily submit materials for an investigation.
On November 5, Richard Blumenthal sent new letters to Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC, asking the companies to voluntarily submit the records previously requested by January 4, 2027. January 4 is the day after the new Congress convenes on January 3.
As the ranking member of the investigative subcommittee, he can currently make only voluntary requests. After Democrats win majorities in both chambers in the midterm elections, he is expected to become chair, giving him the power to compel the production of documents and subpoena witnesses. The letters explicitly state that other measures will be considered if the materials are not voluntarily provided by the deadline.
The investigation focuses on approximately $1.7 billion in Iran-linked transfers by Binance and its compliance with sanctions; the use of Tether’s USDT in Iran-linked networks and related payments; and foreign investment in the Trump family’s crypto businesses and potential conflicts of interest.
This matter ties the regulatory investigation to the timing of the congressional transfer of power.
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#特朗普加密 #国会调查
Disclaimer: The above content is compiled from publicly available reports and is for informational purposes only. It does not constitute any advice.$USDC $TRUMP $BTC
On November 5, Richard Blumenthal sent new letters to Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC, asking the companies to voluntarily submit the records previously requested by January 4, 2027. January 4 is the day after the new Congress convenes on January 3.
As the ranking member of the investigative subcommittee, he can currently make only voluntary requests. After Democrats win majorities in both chambers in the midterm elections, he is expected to become chair, giving him the power to compel the production of documents and subpoena witnesses. The letters explicitly state that other measures will be considered if the materials are not voluntarily provided by the deadline.
The investigation focuses on approximately $1.7 billion in Iran-linked transfers by Binance and its compliance with sanctions; the use of Tether’s USDT in Iran-linked networks and related payments; and foreign investment in the Trump family’s crypto businesses and potential conflicts of interest.
This matter ties the regulatory investigation to the timing of the congressional transfer of power.
You can follow me for more news and updates.
#特朗普加密 #国会调查
Disclaimer: The above content is compiled from publicly available reports and is for informational purposes only. It does not constitute any advice.$USDC $TRUMP $BTC