Senator Blumenthal sets January 4, 2027 deadline for Binance, Tether, and Trump-linked crypto records
U.S. Senator Richard Blumenthal has given Binance, Tether, and Trump family crypto ventures until January 4, 2027, to hand over requested records to the Senate Permanent Subcommittee on Investigations or face potential enforcement actions.
U.S. Senator Richard Blumenthal, serving as ranking member of the Senate Permanent Subcommittee on Investigations, has sent letters demanding records from major cryptocurrency firms and Trump-connected entities by January 4, 2027, according to a statement on his official website. The recipients include Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC, alongside other targets.[1][3]
The letters state that Binance, Tether, and World Liberty Financial have failed to adequately respond to the subcommittee's earlier requests and have not produced any responsive records. Blumenthal warned that failure to voluntarily submit the materials by the deadline will leave the panel with no choice but to consider alternative measures to compel compliance.[1]
The inquiry into Binance and Tether examines the illicit use of cryptocurrencies as well as interactions between crypto companies and the Trump administration. The probe into World Liberty Financial, a project launched by Donald Trump's family, and Fight Fight Fight LLC centers on potential conflicts of interest in the family's crypto ventures. In addition, letters were sent to donors to Trump's ballroom renovation efforts, Federal Communications Commission Chair Brendan Carr, and Homeland Security Secretary Markwayne Mullin. No final conclusions have been reached in the investigations.[1]
Key facts
- Senator Richard Blumenthal, as Ranking Member of the Senate Permanent Subcommittee on Investigations, sent letters to Binance, Tether, World Liberty Financial, Fight Fight Fight LLC, and other entities.
- The letters establish a deadline of January 4, 2027, for the recipients to submit requested records and information.
- Blumenthal stated that Binance, Tether, and World Liberty Financial have failed to adequately respond to requests and have produced no responsive records.
- The subcommittee warned it will consider alternative measures to ensure cooperation if the entities do not voluntarily comply by the deadline.
- The probe into Binance and Tether focuses on the illicit use of cryptocurrencies and dealings between the Trump administration and crypto firms.
- The inquiry into World Liberty Financial and Fight Fight Fight LLC concerns potential conflicts of interest involving the Trump family's crypto businesses.
- No final conclusions have been reached in the subcommittee's investigations.
Sources · 3 sources
- WB
Wu Blockchain@WuBlockchainPost on X ·
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 According to a statement on U.S. Senator Richard Blumenthal’s official website, as Ranking Member of the Senate Permanent Subcommittee on Investigations (PSI), Blumenthal has sent letters to Binance, Tether, World Liberty Financial, Fight Fight Fight LLC, and other targets, demanding they submit the requested records and information by January 4, 2027, or the subcommittee will seek other means to ensure their cooperation. The investigation into Binance and Tether covers the illicit use of cryptocurrencies and interactions between the Trump administration and crypto companies; the probe into World Liberty Financial and Fight Fight Fight LLC concerns potential conflicts of interest in the Trump family’s crypto businesses. No final conclusions have been reached in the investigations.
Open source - CB
Crypto BriefingArticle ·
Senator Blumenthal sets January 4 deadline for Binance and Tether records The deadline underscores increasing regulatory scrutiny on crypto firms, potentially reshaping compliance norms and market dynamics. The post Senator Blumenthal sets January 4 deadline for Binance and Tether records appeared first on Crypto Briefing .
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: 🇺🇸 Senator Blumenthal gives Binance, Tether and Trump family crypto firms until January 4th to hand over records for investigations.
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