With Probe Gavel in Reach, Blumenthal Warns Binance and Tether of ‘Alternative Measures’
By Unchained
AI summary of the source article
Sen. Richard Blumenthal sent letters giving crypto firms Binance, Tether, World Liberty Financial, and Fight Fight Fight until Jan. 4, 2027, to voluntarily produce records, warning that failure to comply would prompt consideration of alternative measures.
Key facts
- Sen. Richard Blumenthal gave Binance, Tether, World Liberty Financial, and Fight Fight Fight until Jan. 4, 2027, to turn over documents voluntarily.
- The letters warn that missing the deadline will leave the Senate Permanent Subcommittee on Investigations with no choice but to consider alternative measures to obtain compliance.
- Requests to Binance focus on alleged Iran-linked money laundering and retaliation against compliance staff, while Tether was queried on illicit stablecoin use and payments to Nxum.
Source excerpt · Unchained
Sen. Richard Blumenthal says Binance, Tether and two Trump crypto ventures have produced no records in an 18-month inquiry, and he gave them until Jan. 4 before considering "alternative measures." The post With Probe Gavel in Reach, Blumenthal Warns Binance and Tether of ‘Alternative Measures’ appeared first on Unchained .