Three Democratic senators from the United States said they will oversee the Justice Department's investigation into Binance

According to Cointelegraph, three Democratic senators from the United States have stated that they will oversee the Justice Department's alleged investigation into Binance for violating sanctions related to Iran. Senators Chris Van Hollen, Elizabeth Warren, and Ruben Gallego said in a joint statement that they will conduct oversight to ensure the Justice Department investigates Binance and holds it accountable for any wrongdoing.

The Wall Street Journal reported on Wednesday, citing sources familiar with the matter, that the Justice Department is investigating whether Iran may have used Binance to evade sanctions. The senators stated that Binance has a documented history of prioritizing profits over the law, raising serious concerns about the company potentially violating U.S. sanctions laws again and funding activities related to terrorist organizations linked to Iran. Binance previously responded that it was unaware of any investigation but has been cooperating with regulatory and law enforcement agencies to investigate the facts. Binance has filed a lawsuit on Wednesday against a February article by The Wall Street Journal, claiming it constitutes defamation.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.