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US lawmakers have called on the Justice Department (DOJ) to investigate and issue criminal charges against Binance and Tether regarding their potential role in illicit finance activities. Specifically, Senators Cyntia Lummis of Wyoming and French Hill of Arkansas issued a letter to the DOJ on Thursday, asking the department to “carefully evaluate the extent to which Binacn and Tether are providing material support and resources to support terrorism through violations of applicable sanctions laws and the Bank Secrecy Act.” Senator Cynthia Lummis also took to X (formerly Twitter) to discuss the request, noting that “crypto is not the enemy—bad actors are.” They asked Attorney General Merrick Garland to take action against both companies and reach a changing decision on Binance that reflects their level of culpability. This news highlights the US government’s increased scrutiny of cryptocurrency and its potential connection to criminal activities.
This is bad news for both Binance and Tether, as it signals the US government’s increased scrutiny of cryptocurrency and its potential connection to criminal activities. US lawmakers have requested that the DOJ investigate the two companies and consider issuing criminal charges, citing reports of their involvement in terrorist activities. The request also asks Attorney General Merrick Garland to take action against both companies and reach a changing decision on Binance that reflects their level of culpability.
#Binance #DoJ #Tether #CryptocurrencyCrackdown
You can read more about this topic here: Watcher Guru: US Lawmakers Seek Criminal Charges Against Binance and Tether
