U.S. Senator Blumenthal Sends Letters to Binance, Tether, and Trump Family Crypto Firms: Comply with Probe by Deadline or Subcommittee Will Seek Other Means
Senator Richard Blumenthal, ranking member of the Senate Permanent Subcommittee on Investigations, sent letters to Binance, Tether, World Liberty Financial and Fight Fight Fight LLC demanding records by January 4, 2027. The probe covers illicit crypto use and Trump-linked conflicts of interest. The subcommittee threatens other means if the firms do not comply, which raises regulatory and reputational risk for these firms.
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