Update
Binance, Tether, and World Liberty Financial Face Senate Deadline
Senator Richard Blumenthal has given Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC until January 4, 2027, to provide records for Senate investigations. Blumenthal, who is expected to chair the Senate Permanent Subcommittee on Investigations (PSI), has raised concerns about potential conflicts of interest, foreign influence, and alleged illicit finance. The investigation also examines alleged illicit use of crypto, with Tether reporting that 84% of 846 sanctioned or seizure-targeted Iran-linked wallets used USDT almost exclusively.