According to Cointelegraph, three US Democratic senators have stated they will closely monitor the US Justice Department's investigation into Binance, regarding suspicions that the exchange may have been used to circumvent sanctions against Iran.
Three senators , Chris Van Hollen, Elizabeth Warren, and Ruben Gallego, issued a joint statement affirming that they would monitor the investigation to ensure the United States Department of Justice conducts a thorough inquiry and holds those responsible accountable if any violations of the law are found.
According to a report by The Wall Street Journal, citing sources familiar with the matter, the U.S. Department of Justice is XEM the possibility that Iran used Binance to circumvent U.S. economic sanctions. This information has raised concerns among lawmakers that the world's largest crypto platform may have inadvertently or intentionally become a financing channel for sanctioned entities.
In their statement, the senators argued that Binance has a history of prioritizing profits over compliance with the law, and expressed concern that if the allegations are true, the platform may have violated U.S. sanctions laws and even indirectly supported organizations linked to Iran.
In response to the above information, Binance stated that it had not received any official notification about the investigation. The company affirmed that it always cooperates with regulators and law enforcement agencies to clarify the facts in matters related to regulatory compliance.
Notably, Binance also filed a lawsuit against The Wall Street Journal on Wednesday, relating to an article published in February that the company claims contains defamatory information and damages the platform's reputation.
