U.S. Senate Democrats asked Treasury, DOJ to probe Binance's illicit finance controls

U.S. Senate Democrats have formally requested that both the Treasury Department and the Department of Justice conduct an extensive investigation into the financial controls employed by Binance, amidst concerns regarding potential illicit activities associated with the platform. They are seeking to assess whether Binance's systems adequately prevent money laundering and other forms of financial misconduct. source: https://www.coindesk.com/policy/2026/02/27/u-s-senate-democrats-asked-treasury-doj-to-probe-binance-s-illicit-finance-controls