Senator Presses DOJ on Binance Crypto Flows

A U.S. Senator is pressing the Department of Justice and Treasury for an update on the status of Binance's monitors, following reports of $1.7 billion in Iran-linked crypto flows. Binance, the world's largest crypto exchange, agreed to independent oversight as part of its 2023 plea deal. The Senator's inquiry raises questions about the effectiveness of these monitors and Binance's compliance with sanctions and regulatory agreements.