Senators Urge U.S. Justice Department to Investigate Binance's Testimony to Congress
Two Democratic U.S. senators have called for the U.S. Department of Justice to launch an investigation into Binance, a cryptocurrency exchange. The investigation would focus on determining whether Binance provided false information in a written response to Congress earlier this year, according to a letter released on Thursday.
Because Bitcoin
June 8, 2023
Reuters reported that in a letter released on Thursday, Democratic senators Elizabeth Warren and Chris Van Hollen called for the U.S. Department of Justice to investigate Binance, a cryptocurrency exchange, for potential false statements made in a written response to Congress earlier this year.
The senators expressed concern that Binance's reply to an information request from lawmakers during an investigation contained misleading and inaccurate information, undermining the legislative process. They emphasized the importance of a swift and comprehensive investigation by the Department of Justice, in conjunction with the ongoing SEC complaint.
This request comes amidst increased regulatory scrutiny on the cryptocurrency industry, including legal actions taken against Binance and Coinbase by U.S. financial regulators. At the time of reporting, representatives for Binance and the Justice Department had not provided immediate comments on the matter.
Binance’s lawyers against Gary Gensler & the SEC
Binance's lawyers filed documents reiterating their request for United States Securities and Exchange Commission chair Gary Gensler to step down from the agency's case against Binance due to his previous job application with the exchange.
“As we conveyed nearly four months ago, Mr. Gensler should have been recused from any consideration in this matter based on this history and the prospect that Mr. Gensler may be a material fact witness,” the exchange’s lawyers wrote.
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