US Senator Richard Blumenthal asked Binance, Tether, World Liberty Financial and Fight Fight Fight LLC to begin voluntarily turning over records by Nov. 30 and gave them until Jan. 4, 2027, to comply. He warned that the Senate subcommittee would consider other ways to obtain the records if they missed the January deadline; its rules allow the chair to issue subpoenas.
The inquiries cover potential conflicts of interest involving Trump’s crypto ventures, Binance transactions linked to sanctioned entities, and the use of Tether’s USDT by sanctioned entities. Blumenthal said Binance had not provided the records he requested. Binance disputed the reports behind that request, while Tether disputed claims that USDT provides a haven for sanctioned actors. The four companies did not respond to requests for comment before publication.
