WASHINGTON, April 1 -- Sen. Richard Blumenthal issued text of the following press release:
U.S. Senator Richard Blumenthal (D-CT), Ranking Member of the Senate Permanent Subcommittee on Investigations (PSI), today pressed Richard Teng, co-chief executive officer of Binance, on concerns the company may have provided misrepresentations or misleading information to PSI and to the public about reported money laundering and terrorist financing by its partners and customers. In a letter sent today to Teng, Blumenthal called out Binance for failing to provide PSI with the documents and information the Subcommittee had previously requested and slammed the company for downplaying its cryptocurrency dealings with Iran despite public reporting by For...