PiCK
Democratic Senator Blumenthal Seeks Records From Binance, Tether in Trump Probe
Summary
- Democratic Sen. Richard Blumenthal asked major crypto companies including Binance and Tether to submit records.
- He said the Senate Permanent Subcommittee on Investigations could consider other steps if the materials are not submitted voluntarily by Jan. 4, 2027.
- With Democrats securing a Senate majority, congressional investigations into cryptocurrency companies and transactions tied to President Trump are emerging as a key issue.
Forecast Trend Report by Period
Sen. Richard Blumenthal, a Democrat, has asked major cryptocurrency companies to submit records, signaling a broader congressional investigation.
Odaily reported on Nov. 8 that Blumenthal sent letters to Binance, Tether, World Liberty Financial, or WLFI, and Fight Fight Fight LLC, the issuer of the Trump memecoin, seeking related records and information.
Blumenthal warned that if the companies do not voluntarily submit the materials by Jan. 4, 2027, the Senate Permanent Subcommittee on Investigations could consider other steps to obtain them.
The document requests come ahead of the launch of a new Congress in January. With Democrats holding the Senate majority, congressional investigations into cryptocurrency companies and transactions tied to President Donald Trump are emerging as a key issue.
Blumenthal is set to lead the Senate Permanent Subcommittee on Investigations. Once the new Congress begins, he will be able to exercise the panel's investigative powers, including issuing subpoenas. Any compulsory measures would depend on whether the companies provide the requested materials and on how the investigation proceeds.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.