Blumenthal Gives Binance, Tether and Trump-Linked Crypto Firms Until January 4 to Hand Over Records

• Binance, Tether, World Liberty Financial and Fight Fight Fight LLC have until January 4, 2027, to voluntarily provide records sought by Blumenthal’s Senate investigations.
• The letters warn of possible alternative measures if the companies do not comply, but they are not subpoenas and do not establish wrongdoing.

U.S. Senator Richard Blumenthal has given Binance, Tether and two cryptocurrency companies linked to President Donald Trump until January 4, 2027, to hand over records requested as part of ongoing Senate investigations into alleged financial misconduct and potential conflicts of interest.

Blumenthal announced the deadline on November 5, saying the companies had not adequately cooperated with earlier requests from the Senate Permanent Subcommittee on Investigations (PSI). The four recipients are Binance, stablecoin issuer Tether, World Liberty Financial (WLFI) and Fight Fight Fight LLC, the company behind the $TRUMP memecoin.

In his letters, Blumenthal warned that failure to voluntarily provide the requested information by January 4 would leave the subcommittee with no choice but to consider alternative measures to obtain compliance.

The letters also set an earlier date for the companies to begin producing records. They were asked to start submitting documents by November 30, with further production to follow according to arrangements with subcommittee staff.

Investigations Cover Sanctions Concerns and Trump-Linked Crypto Ventures

The requests relate to separate investigations. Blumenthal has questioned Binance over reports of cryptocurrency transfers involving Iran-linked entities and concerns about the exchange’s anti-money laundering and sanctions controls. Binance has disputed allegations of wrongdoing and said it does not permit transactions involving sanctioned individuals.

Tether is facing scrutiny over the use of its USDT stablecoin in Iran-linked financial networks. A September 28 report by the subcommittee examined cryptocurrency wallets associated with Iran and regional groups, while Tether has defended its cooperation with authorities in freezing illicit funds.

The other two companies are connected to Trump’s cryptocurrency ventures. Blumenthal opened an inquiry into World Liberty Financial and the $TRUMP memecoin in May 2025, raising questions about foreign investments, financial dealings and possible conflicts of interest involving the president’s business interests.

Blumenthal currently serves as the subcommittee’s top Democratic member and is expected to become its chair when Democrats take control in January. The November letters are voluntary records requests, not subpoenas. His warning does not mean the companies have been found guilty of misconduct or that compulsory legal action has already begun.

The investigations are part of a wider effort by Blumenthal to examine cryptocurrency-related activity and potential conflicts involving the Trump administration.