Binance News: US DOJ Asked To Investigate On False Statements
Senators Seek Probe Into Binance’s Business Practices The letter follows a previous inquiry initiated by Senators Warren, Van Hollen, and Republican Senator Roger Marshall of Kansas back in March. The senators sought information on the relationship between the Binance exchange and its US affiliate, along with requesting various financial data. At the time, Binance had stated that the two entities were separate and emphasized its commitment to compliance. However, the SEC’s complaint suggests otherwise, further casting doubt on the exchange’s claims. advertisement Read More: Money Trail of Binance Shows $70 Billion Moved Through Signature & Silvergate Banks Notably, this is not the first time concerns regarding the independence of Binance and Binance’s US arm came to light. State regulators in Texas had previously raised similar apprehensions about the relationship between the two entities. SEC Lawsuit Raises Concerns Over Bina...