A group of democrat senators wants the Justice Department to investigate whether crypto exchange Binance is lying to lawmakers about its business practices.
Massachusetts Senator Elizabeth Warrenand representing Maryland Chris Van Hollen, US Attorney General Merrick Garland He said the crypto platform may have made false statements, including whether the American subsidiary is truly a separate entity. In a 136-page complaint filed with federal court on Monday, the SEC claimed that Binance.US and Binance are not independent of each other. In a letter to Garland, lawmakers wrote that this was a serious matter.
Binance Didn’t Respond to Requests for Comments
Binance representatives did not respond to requests for comment, while the Ministry of Justice declined to comment.
In march Elizabeth Warren, Van Hollenand a Republican from Kansas Roger Marshall , asked for information about the relationship between Binance and Binance.US. The exchange said in response that the two companies are separate entities, making compliance a priority.
“Binance and its affiliate appear to be undermining this important investigation and legislative process by providing false and misleading information to Congress,” the lawmakers wrote in a letter to the attorney general.
In the SEC complaint, Changpeng Zhao He alleged that . The SEC also noted that the international company and Zhao are closely involved in running the US-based business. In addition, the SEC has requested a temporary restraining order to freeze certain assets.
