U.S. Senators Call for Investigation into Binance Over Alleged Financial Misconduct

Questioning Binance's Compliance with Sanctions

Including Senator Elizabeth Warren, eleven prominent Democratic Senators on the 27th sent a letter to the Department of Justice and the Treasury, demanding a comprehensive investigation into the cryptocurrency exchange Binance's alleged financial misconduct.

The letter, addressed to Attorney General Pam Bondi and Treasury Secretary Scott Bessent, highlighted Binance's failure to prevent illicit fund transfers related to terrorism financing in Iran, and potential breaches of a federal settlement agreement concluded in 2023...