Senate Democrats Lead Inquiry Into Binance: Warren Heads Effort With Letter To DOJ

2026-2-28 23:44

Cryptocurrency exchange Binance is once again facing mounting scrutiny in Washington, as lawmakers question whether the company is living up to the terms of its 2023 settlement with US authorities — an agreement that ultimately led to the resignation of its founder and former CEO, Changpeng Zhao (CZ).

Democrats Urge DOJ And Treasury Investigation

On Friday, journalist Eleanor Terrett of Crypto In America reported that eleven Democrats on the Senate Banking Committee, led by crypto-skeptic Elizabeth Warren, sent a letter to Attorney General Pam Bondi and Treasury Secretary Scott Bessent urging their departments to examine Binance’s operations. 

The lawmakers pointed to recent media reports alleging illicit finance activity on the platform, including transactions reportedly linked to Iran, and warned that such conduct could place Binance in violation of its 2023 settlement.

In their letter, the senators also referenced Binance’s expanding business relationships with President Donald Trump’s crypto ventures, as well as Trump’s pardon of Zhao. They called for what they described as a “thorough, impartial” investigation into whether the exchange is adhering to its legal obligations.

The latest pressure follows a separate inquiry launched earlier in the week. As previously reported by Bitcoinist, Democratic Senator Richard Blumenthal initiated a formal probe through the Senate’s Permanent Subcommittee on Investigations. 

Binance Denies Sanctions Violations 

In a letter dated February 24 and addressed to Binance co-CEO Richard Teng, Blumenthal cited reporting that suggested the exchange may have facilitated “large-scale violations” of US and international sanctions on Iran.

Blumenthal noted that Binance appeared to ignore warnings and recommendations aimed at reducing Iranian money laundering operations. He also referred to the same reports cited by the Senate banking committee Democrats, indicating that $1.7 billion in transactions to Iran may have passed through the platform.

Binance has strongly denied the allegations. The company said it conducted an internal review and found “no evidence of violations of applicable sanctions laws.” The exchange also rejected claims that it had dismissed investigators for raising concerns related to sanctions compliance.

Featured image from OpenArt, chart from TradingView.com 

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binance authorities living settlement agreement 2023 terms

Источник: newsbtc.com

binance authorities → Результатов: 126


France facing backlash for Binance regulatory approval, French MEP called the move “surprising and worrying”

Binance, last month on May 6, received the green light from French authorities to set up a significant presence in one of Europe’s top financial centers. The post France facing backlash for Binance regulatory approval, French MEP called the move “surprising and worrying” appeared first on CryptoSlate.

2022-6-28 08:05


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UK’s Financial Authorities Declares Binance Not Capable Of Being Supervised Properly – Poses A ‘Significant Risk’ To British Investors

The Financial Conduct Authority (FCA) has made an update to their consumer warning made against Binance on June 26. The update stated that Binance Markets Limited, a U. K. -based subsidiary of the global cryptocurrency exchange had “complied with all aspects of the requirements” previously placed on it.

2021-8-28 20:21


As Binance faces more regulatory backlash, Indian authorities may be the latest to initiate probe

Prominent cryptocurrency exchange, Binance has announced the discontinuation its futures and derivatives services across Europe. Binance announced this on Twitter through a series of tweets, which notThe post As Binance faces more regulatory backlash, Indian authorities may be the latest to initiate probe appeared first on AMBCrypto.

2021-7-30 15:30


Binance faces more regulatory backlash; Indian authorities reportedly latest to initiate probe

Prominent cryptocurrency exchange, Binance has announced the discontinuation its futures and derivatives services across Europe. Binance announced this on Twitter through a series of tweets, which notThe post Binance faces more regulatory backlash; Indian authorities reportedly latest to initiate probe appeared first on AMBCrypto.

2021-7-30 15:30


Фото:

Binance Vows To Seek Licensing Approval And Increase KYC Compliance With Regulators Globally

Binance has launched a global campaign to obtain licensing from local regulatory authorities including in Asia-Pacific, EMEA, and Latin America, according to the exchange’s CEO ChangPeng Zhao (CZ). CZ said on Twitter that the exchange held an hour-long press conference to share the active steps it’s taking to build on compliant efforts with local financial regulators […]

2021-7-29 17:46


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Roskomnadzor, Russia’s telecom watchdog blacklists Binance’s website

Russian authorities have started tightening their clampdowns on Binance, the largest crypto exchange in the world. The exchange announced this news via its Russian Telegram channel on September 24, noting that Roskomnadzor, Russia’s telecom regulator had added its website to the list of platforms spreading prohibited information.

2020-9-26 14:18


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Binance Domain Blacklisted by Russian Authorities

On September 24, 2020, Binance – one of the largest crypto exchanges in the world in terms of trade volume – announced on its website that its domain has been blacklisted in Russia. It seems that the exchange platform has been taken by surprise when the Roskomnadzor – the Federal Service for Supervision of Information […] The post Binance Domain Blacklisted by Russian Authorities appeared first on BeInCrypto.

2020-9-25 13:36


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Binance CEO dismisses Shanghai police raid news as “pure FUD,” says rival crypto exchanges are paying for disinformation

The chief executive of Binance, one of the world’s top crypto exchanges, has vociferously denied reports that the firm’s Shanghai office has been raided by Chinese authorities. Incredibly, CEO Changpeng Zhao claims Malta-based Binance, in fact, has no Shanghai office and that the allegations are part of a smear campaign paid for by rival crypto […] The post Binance CEO dismisses Shanghai police raid news as “pure FUD,” says rival crypto exchanges are paying for disinformation appeared first on CryptoSlate.

2019-11-22 08:21


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