Two Democratic US senators have requested that the US Department of Justice investigate whether Binance, a cryptocurrency exchange, provided false statements to Congress in a written response earlier this year.
Senator Elizabeth Warren and Chris Van Hollen sent a letter to the Justice Department, stating that a bipartisan group of lawmakers requested information from the industry in March as they considered potential new laws. They emphasized the seriousness of the matter.
Read more: DOJ Investigates Binance For Russia Sanction Violations
“It appears that Binance and Binance.US undermined this important investigation and the legislative process by providing false and misleading information to Congress” in their reply to the information request, the senators said, adding: “The department should, in conjunction with the ongoing SEC complaint, conduct a rapid and thorough investigation of this matter.”
This week, US financial regulators took legal action against Binance, the world’s largest cryptocurrency exchange, and cryptocurrency platform Coinbase, as part of their crackdown on the crypto industry.
There has been no response from Binance representatives regarding the letter, while representatives for the Justice Department remain unavailable at this time.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI