Blumenthal Gives Binance and Tether Until Jan. 4 to Produce Records

According to BlockchainReporter, Senator Richard Blumenthal issued letters on November 5 with a 60-day deadline, giving Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC until January 4, 2027, to provide records to the Senate Permanent Subcommittee on Investigations. The panel stated it will consider alternative measures to obtain compliance if the records are not produced.

The letter to Binance Chief Executive Richard Teng requests confirmation of receipt by November 9 and document production starting November 30, following months of inquiries into anti-money laundering policies and transaction flows involving Iranian exchanges. The Tether letter follows a September 28 subcommittee report describing Tether and its dollar token as a financial lifeline within Iran's shadow banking network. Meanwhile, World Liberty Financial and Fight Fight Fight LLC received letters concerning inquiries into crypto ventures tied to the Trump family and the $TRUMP memecoin.

The letters do not establish that any laws were broken or that a subpoena has been issued. Binance has previously maintained that it cooperates with law enforcement and that exposure figures have been overstated.