Senator Richard Blumenthal, the top Democrat on the Senate Homeland Security Committee’s investigative panel, has opened a new inquiry into Binance following reports of potential international sanction violations. Blumenthal sent a letter to Binance CEO Richard Teng, demanding records regarding the use of the platform by Iranian entities and details concerning the alleged dismissal of compliance staff who reportedly warned of these irregularities.
The senator’s action occurs within a critical context. Binance is known as a “repeat offender,” particularly after paying more than $4 billion in previous fines for similar failures. The impact of the investigation extends into the political sphere, as Blumenthal also questioned Binance’s financial partnership with World Liberty Financial—the crypto firm linked to President Donald Trump’s family—suggesting a possible attempt to evade accountability through lobbying.
The next steps involve the delivery of the documents requested by the Senate and the response from federal regulators to these new allegations. A key point will be observing whether this legislative pressure leads to new economic sanctions or operational restrictions for the exchange within U.S. territory. Transparency in KYC processes and Binance’s relationship with strategic partners will be decisive for its regulatory stability in the coming months.
Source: https://goo.su/6iWKc
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