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U.S. Senators including Warren questioned Binance on whether it fulfilled the 2023 Compliance protocol.
PANews, September 18 - According to Bloomberg, U.S. Senator Elizabeth Warren and others sent a letter to the Department of Justice, requesting confirmation of whether the cryptocurrency exchange Binance is complying with the AML and sanctions violation settlement agreement reached with the U.S. in 2023. The letter pointed out that the Department of Justice had previously only confirmed that Binance had paid all fines but did not clarify whether it was fulfilling ongoing compliance obligations. The lawmakers also followed the Department of Justice's consideration of removing compliance monitors and the connections between Binance and businesses associated with Trump.