US Lawmakers Call for Binance Probe Over $1.7B Flows to Iranian-Linked Entities

Eleven US lawmakers from both parties asked Treasury Secretary Scott Bessent and Attorney General Pamela Bondi to investigate Binance over sanctions and anti-money laundering compliance, according to a letter. The request cites reports that $1.7 billion in digital assets allegedly flowed to Iranian-linked entities and references potential Russian sanctions evasion. The letter also points to 2023 settlement agreements, though officials have not announced a formal investigation.