🇺🇸 Breaking: Senator Blumenthal gives Binance, Tether, and two Trump-linked companies until January 4, 2027, to submit documents!
U.S. Senator Richard Blumenthal, incoming chair of the Senate Permanent Subcommittee on Investigations, sent official letters to four companies: Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC, which is linked to the $TRUMP meme coin.
He called on the companies to provide the requested records and documents, setting January 4, 2027, as the deadline for voluntary compliance.
World Liberty Financial and Fight Fight Fight were also asked to begin submitting documents by November 30, 2026.
🔎 What are the investigations about?
1️⃣ Binance:
The inquiries concern transactions allegedly totaling around $1.7 billion and linked to sanctioned networks with ties to Iran and Russia, as well as questions about anti-money laundering procedures.
2️⃣ Tether:
The investigation focuses on the alleged use of USDT in banking networks linked to Iran, as well as payments to a consulting firm co-founded by Bo Hines, the former White House crypto czar.
3️⃣ World Liberty Financial and $TRUMP:
The inquiries include foreign investments, ownership structure, concerns about conflicts of interest and ethics, and financial ties to the Trump family.
According to Blumenthal’s office, the investigation into Trump-linked crypto projects began in May 2025.
⚠️ What happens if the companies don’t provide the documents?
Blumenthal warned that failure to voluntarily provide the requested records by January 4, 2027, would prompt the committee to consider alternative measures to ensure compliance.
This deadline is particularly significant because it falls after the new Congress convenes, when Blumenthal is expected to take over as committee chair, potentially giving him broader powers to pursue the investigations.
Important note: So far, this does not mean that subpoenas have been issued or that the companies have been found to have violated any rules; the investigations are ongoing, and the allegations have not been resolved.
❓ Do you think the four companies will cooperate and provide the documents before the deadline, or will we see the investigations escalate in January?