Senator Richard Blumenthal has asked Binance, Tether, World Liberty Financial, and Fight Fight Fight to provide outstanding documents by January 4, 2027. The two companies linked to Donald Trump must begin producing records by November 30, 2026. The inquiry concerns roughly $1.7 billion in Binance transfers involving entities linked to Iran and Russia, as well as the alleged use of USDT in Iranian financial networks. Blumenthal threatened to pursue coercive measures, including subpoenas, if the companies fail to meet the deadline. Major cryptocurrencies have so far shown little reaction to the announcement.
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