Democratic Senator Richard Blumenthal has asked Binance, Tether, World Liberty Financial and Fight Fight Fight LLC to provide documents as part of several investigations. The first records are due on November 30, 2025, ahead of a common deadline of January 4, 2027, failing which Blumenthal threatens to seek legal subpoenas. Binance is suspected of facilitating transfers linked to Iran and Russia, while Tether is being scrutinized over the use of USDT to circumvent US sanctions. Investigators analyzed 846 sanctioned or seized crypto wallets, and 84% exclusively or almost exclusively used USDT, the stablecoin with about $177 billion in circulation. The investigations into the Trump family’s activities also concern foreign investments and potential conflicts of interest, with no judicial conclusion reached at this stage.
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