Sen. Blumenthal presses DOJ and Treasury on Binance monitor amid Iran sanctions concerns
The Block
Senator Richard Blumenthal is questioning the DOJ and Treasury regarding Binance's compliance monitor following reports of facilitated sanctions evasion for Iranian entities.Summary
Senator Richard Blumenthal has requested information from the U.S. Department of Justice and the Treasury Department regarding Binance's compliance practices. The inquiry follows media reports suggesting that the crypto exchange may have enabled billions of dollars in sanctions evasion for entities linked to Iran. Blumenthal, a leading Democrat on the Senate Permanent Subcommittee on Investigations, is specifically seeking details on the status of Binance's independent compliance monitor, a requirement stemming from the company's 2023 settlement, to determine if the exchange has properly adhered to its legal obligations.
(Source：The Block)