BUSD

In a recent development, Binance, one of the world&#39;s leading cryptocurrency exchanges, has been facing potential scrutiny from the U.S. Department of Justice (DOJ) over allegations of providing false information to lawmakers. According to a <a href="https://www.bloomberg.com/news/articles/2023-06-08/binance-appears-to-have-lied-to-lawmakers-elizabeth-warren-says?sref&#61;3REHEaVI&amp;leadSource&#61;uverify%20wall#xj4y7vzkg" rel="noopener noreferrer nofollow">report</a>, two Democratic senators have called for an investigation into Binance&#39;s business practices.Senators Elizabeth Warren of Massachusetts and Chris Van Hollen of Maryland penned a letter to U.S. Attorney General Merrick Garland, expressing concerns that Binance might have made deceptive statements during previous interactions with lawmakers. The senators specifically questioned the validity of Binance&#39;s claim that its affiliate, <a href="https://binance.us/?irclickid&#61;1pITxHSZbxyNWhnSQJRNWxz7UkF0CbxdaWxz140&amp;utm_source&#61;Impact&amp;utm_campaign&#61;12872&amp;irgwc&#61;1&amp;utm_medium&#61;Skimbit%20Ltd." rel="noopener noreferrer nofollow">Binance US,</a> operated as a separate entity.The letter, which emphasized the seriousness of the allegations, followed the U.S. Securities and Exchange Commission&#39;s (SEC) recent <a href="https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf" rel="noopener noreferrer nofollow">lawsuit</a> against Binance and its CEO, Changpeng Zhao. The SEC&#39;s lawsuit accused the cryptocurrency exchange of engaging in the sale of unregistered securities, commingling customer funds, and alleged that Zhao maintained &#34;secret&#34; control over Binance.US.Read full article at <a href="https://cryptotale.org/binance-faces-potential-doj-investigation-for-allegedly-misleading-lawmakers/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Binance Faces Potential DOJ Investigation for Allegedly Misleading Lawmakers

CryptoTale

Other articles published on Jun 9, 2023

Shido in Full Preparation

Binance US’ Payment & Banking Partners Intend to Pause USD Fiat Channels

Robinhood Delists ADA, MATIC, and SOL, Making History as the First Exchange

Cryptocurrency Lawsuits Send BNB, XRP, and ADA Prices on a Rollercoaster Ride

Unprecedented XRP Price Surge Predicted by Expert Trader

Binance Prepares for MiCA: Significant Regulations for Crypto Exchanges on the Horizon

Join our free newsletter for daily crypto updates!