Blumenthal Investigation Targets Binance, Tether, and Trump
Blumenthal says the companies must answer questions on sanctions, foreign money and ethics concerns or face further Senate action.
- On Thursday, Senator Richard Blumenthal gave Binance, Tether, and two Trump-linked crypto firms until January 4, 2027, to hand over records for Senate investigations, warning that missing this deadline could force the panel to consider "alternative measures to obtain compliance."
- Democratic investigators allege Tether's stablecoin serves as a significant channel for Iran-linked financial networks; a report found 84% of 846 wallets targeted for seizure transacted in USDT.
- Separate inquiries focus on World Liberty Financial and Fight Fight Fight LLC, the operator of the Official Trump memecoin, regarding foreign investments and a reported $500 million deal involving an Abu Dhabi investment firm.
- Companies must begin producing documents by November 30, with the final compliance window closing January 4, 2027—the day after Democrats are scheduled to assume control of the Senate.
- As the incoming chair of the Senate Permanent Subcommittee on Investigations, Blumenthal maintains that failing to cooperate could prompt formal enforcement actions, as the panel's current rules authorize the chair to issue subpoenas.
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🚨 The US Senate has requested registration from Binance, Tether, and two Trump-linked companies by January 4, 2027. 📌 Richard Blumenthal requested that the documents begin to be submitted by November 30, warning of further action in case of non-compliance. 🧭 The process is investigating allegations of conflicts of interest regarding the use of $USDT, Iranian connections, and Trump's crypto initiatives. Read More: US Senate Requests Registrati…
Binance, Tether and Trump Crypto Firms Hit Senate Record Deadline
U.S. Sen. Richard Blumenthal has issued a fresh deadline for major crypto firms and Trump-linked projects to provide records requested in Senate investigations. The ranking Democrat and incoming chair of the Senate Permanent Subcommittee on Investigations (PSI) says Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC must begin turning over documents by Nov. [...]
Binance, Tether Face Senate Deadline as Crypto Scrutiny Widens Crypto News ETHNews
Senator Richard Blumenthal has renewed document demands involving Binance, Tether and two Trump-linked cryptocurrency businesses. Investigators are seeking transaction records, consulting payments, ownership information and communications involving government officials. A leadership change could strengthen the subcommittee’s ability to compel records, subject to applicable Senate rules. U.S. Senator Richard Blumenthal has given Binance, Tether a…
Democratic Senator Richard Blumenthal gives Binance, Tether and two cryptic companies linked to Donald Trump until January 4, 2027 to transmit documents in the course of several investigations. In the absence of cooperation, he threatens to resort to binding measures. The article Binance, Tether and Trump's cryptos in the U.S. Senate viewfinder appeared first on Cryptoast.
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