Senator Sets January Deadline for Binance and Tether Document Requests

Senator Richard Blumenthal has set January 4 as the deadline for Binance, Tether, and two companies tied to Donald Trump to turn over records requested by the Senate. The lawmaker serves as the ranking member and will be the incoming chairman of the Permanent Subcommittee on Investigations.

World Liberty Financial and Fight Fight Fight LLC were also notified to provide information. The request includes an initial document delivery starting November 30. The final deadline falls one day before Democrats take control of the legislative chamber.

Blumenthal is investigating potential conflicts of interest regarding Donald Trump's crypto ventures. The senator is seeking data on ownership, foreign investments, and safeguards against conflicts. World Liberty Financial has contested the allegations and denied any link to Fight Fight Fight LLC.

Requests for Binance involve transactions linked to Iranian entities and Russia's shadow fleet. The exchange previously stated that these reports are false and that it does not hold accounts transacting directly with entities based in Iran. The senator claims the company has yet to send the requested records.

For Tether, the request focuses on the use of the USDT stablecoin by sanctioned entities. The committee also wants clarification on dealings with the consultancy firm Nxum. The senator warned that alternative measures will be considered if the companies ignore the deadline set for January.