The New Haven Democrat said he is concerned that Binance may have provided “misrepresentations or misleading information to the Subcommittee and to the public,” and he demanded documents and records the company relied on in preparing its earlier responses.
Senate Probe Seeks Wallets, Transactions, And AnswersThe senator said that gap, together with Binance’s partial or delayed production of materials requested by the Senate Permanent Subcommittee on Investigations (PSI), raised “further alarms about its candor and compliance with Congressional oversight.”
He demanded a full, year‑over‑year accounting of transactions between Binance and known Iranian exchanges, and asked to explain the methodology it used to calculate the $110,000 figure, including whether it counted transfers that were later associated with Iranian exchanges.
He sought clarity on whether Binance has ever declined to investigate, suspend, or remove accounts tied to individuals inside Iran — including those using VPNs or “drop accounts” (KYC‑verified accounts that are bought, shared, or stolen).
Binance Given April 14 DeadlineHe also alleged it took at least five months for Binance to remove Blessed Trust as a vendor after being warned about its role in suspected terrorist financing.
He asked for exact dates showing when the companies and people involved opened Binance accounts, started sending funds to Iranian intermediaries, were reported to US law enforcement, and when they were suspended or removed.
The Senator also demanded explanations for any delays between being notified and taking action. Blumenthal invoked Senate rules and gave Binance until April 14 of this year to turn over records.
Featured image from OpenArt, chart from TradingView.com
