POPA ReconSenator Richard Blumenthal, as ranking Democrat preparing to chair the Senate Permanent Subcommittee on Investigations, sent records requests to Binance, Tether, World Liberty Financial, Fight Fight Fight LLC and related Trump-family crypto firms in a crypto-corruption probe.
The probe covers suspicious financial operations, self-dealing and foreign ties, including possible transfers linked to Iran, and follows earlier scrutiny after large stablecoin freezes around the late-October Binance incident.
The letters ask the firms to voluntarily hand over requested documents and information by January 4, stated in the Russian-language forwards as January 4, 2027, per Rickler Feed.
If they do not comply by then, the subcommittee will seek other ways to compel cooperation once Democrats gain subpoena power, so the deadline is now voluntary but framed as a final warning before compulsory action.