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

Nine lawmakers asked the federal agencies to investigate the global crypto exchange after reports of potential funding channeled to terrorist groups. What to know : Nine U.S. Senate Democrats sent a letter to Secretary of the Treasury Scott Bessent and Attorney General Pam Bondi seeking an investigation of illicit finance at Binance, following recent news reports on the topic. Many of the lawmakers have been directly involved in negotiations over the Senate's Digital Asset Market Clarity Act that been stuck over several topics, including the crypto industry's illicit-finance risks.