Binance May Be Violating Sanctions Laws, Senate Democrats Warn

Senate Democrats Elizabeth Warren, Chris Van Hollen and Ruben Gallego say recent reports raise serious concerns that Binance is “violating U.S. sanctions laws, recklessly helping bankroll the activities of terrorist groups connected to Iran,” according to a statement.

• As the Justice Department investigates Binance’s compliance with the law, senators say they will conduct oversight to ensure the Justice Department “holds the company accountable for any wrongdoing”
• NOTE: Binance Says Report on DOJ Probe ‘False’, Filed Complaint

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Gabriella Borter in Washington at gborter@bloomberg.net

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