Binanceto harsh criticism from a group of U.S. senators, including Elizabeth Warren, and He answered questions about his operations.
Bloombergsent by Binance to US officials 14 page letterHe claimed to have seen it. BloombergAccording to this claim of BinanceChief Strategy Officer Patrick Hillmantalked about Binance’s compliance program and the work it did to create its team.
It was stated that Binance did not include sufficient information about the financial situation of the company in these letters sent to the senators. Elizabeth Warrenand a group of senators, Binance from 2017He had requested data on his financial records.
Binance Prepared a 14-Page Report
While US officials questioned many of Binance’s operations, BinanceAnd Binance He is also curious about the relationship between the US. Especially Elizabeth Warren, Binance since 2017revealed by He wants to see the balance sheet.
Additionally, US officials requested data on the number of US users by year, copies of internal policies on anti-money laundering and “know your customer” compliance procedures, and written policies on the relationship between Binance and Binance US. senators, Binanceto respond and submit documents He was given time until March 16.
For all these demands Binance sent a 14-page letterstated that the company prioritizes compliance with the legislation. BinanceChief Strategy Officer Patrick Hillman, underlined that they want to compromise with the regulators.
BinanceIn the report submitted to the US officials, it was stated that he talked about general operations but did not touch on financial issues.
