U.S. Senator Probes Binance Over $1.7B in Transactions Allegedly Tied to Iran-Related Entities

U.S. Senator Richard Blumenthal is examining Binance over approximately $1.7B in transactions allegedly linked to Iran-related entities and has requested records and details on the platform's compliance practices, CoinDesk reports. Binance has rejected the allegations, stating it has no Iranian users. The exchange said it is conducting an internal review that it plans to share with the U.S. Department of Justice.