U.S. Senator Blumenthal Sends Letters to Binance, Tether and Trump Family Crypto Companies: Comply with Review by Deadline or Subcommittee Will Look for Other Measures.
According to a statement on the official website of Senator Richard Blumenthal, as the ranking member of the Senate Permanent Subcommittee on Investigations (PSI), Blumenthal sent letters to Binance, Tether, World Liberty Financial, Fight Fight LLC, and other causes, demanding that they submit the requested records and information by January 4, or their other means to ensure their cooperation.
The investigation into Binance and Tether covers the illegal use of cryptocurrencies and interactions between the Trump administration and crypto companies; The investigation of World Liberty Financial and Fight Fight LLC concerns potential conflicts of interest in the Trump family's crypto business. No final conclusions were reached in the investigations.