US Senator Richard Blumenthal has given Binance, Tether, and two Trump-associated crypto firms until January 4, 2027, to provide requested financial records amid investigations into alleged illicit transactions and foreign investments. The inquiries focus on Binance's possible facilitation of transactions with sanctioned entities, Tether's stablecoin use in Iranian networks, and financial ties between Trump-linked companies and foreign investors, including a $500 million UAE investment. Failure to comply may lead to stronger congressional investigative actions as Blumenthal prepares to lead the Senate Permanent Subcommittee on Investigations. This comes amid broader debates on cryptocurrency regulation and potential conflicts of interest involving Trump-related crypto businesses.
The US Senator's deadline for Binance, Tether, and Trump-linked crypto firms provides context for crypto market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 09, 2026 04:02 WIB: Out of 50 major cryptocurrencies, 13 rose and 35 fell. Notable movers include FIL at Rp13.839 with a -3.01% change and 84% sell order activity, NEO at Rp32.912 with 100% buy order activity, and ETC at Rp122.795 with 99% buy order activity.
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