Senators Ask DOJ To Probe Binance Statements To Congress

Two Democratic US senators have requested that the US Department of Justice investigate whether Binance, a cryptocurrency exchange, provided false statements to Congress in a written response earlier this year.

Senator Elizabeth Warren and Chris Van Hollen sent a letter to the Justice Department, stating that a bipartisan group of lawmakers requested information from the industry in March as they considered potential new laws. They emphasized the seriousness of the matter.

Read more: DOJ Investigates Binance For Russia Sanction Violations

“It appears that Binance and Binance.US undermined this important investigation and the legislative process by providing false and misleading information to Congress” in their reply to the information request, the senators said, adding: “The department should, in conjunction with the ongoing SEC complaint, conduct a rapid and thorough investigation of this matter.”

This week, US financial regulators took legal action against Binance, the world’s largest cryptocurrency exchange, and cryptocurrency platform Coinbase, as part of their crackdown on the crypto industry.

There has been no response from Binance representatives regarding the letter, while representatives for the Justice Department remain unavailable at this time.