Editor’s note: the story has been updated with a comment by Binance. Sen. Richard Blumenthal (D-Conn.) sent letters Friday to ...

The Trump administration is being aggressively questioned by Democratic senators on seemingly lax oversight of Binance ...

Sen. Blumenthal questions DOJ and Treasury on Binance monitor after reports link the exchange to Iran sanctions evasion.

Following allegations that over $1.7 billion in digital assets flowed through Binance to Iran-linked accounts, Capitol Hill is demanding transparency.

Key insight: Lawmakers suggest a sequence of deals and cryptocurrency related business ties to Trump and his allies raise the appearance of a quid pro quo. Processing Content Expert quote: "After Mr.

DOJ and FinCEN face scrutiny over Binance compliance monitorship amid allegations of Iran-linked crypto flows.