U.S. senators seek Binance sanctions and AML probe, citing $1.7B Iran-linked flows

On February 28, 2026, eleven U.S. senators asked Treasury Secretary Scott Bessent to conduct a federal review of Binance's sanctions and AML controls. The letter cites reports of about $1.7B in crypto allegedly linked to Iranian entities and raises concerns over potential Russian sanctions evasion, while Binance disputes the claims.