US Congressional Investigations of Secret Trade Of $400 Million May Be Enforced on Binance US


Key Points: The US Congress could investigate Binance US.
After media outlet Reuters reported on its relationship to Merit Peak, the action was taken.
If the proposal is approved by Congress, Binance US may soon be subject to a wider scrutiny.
According to a statement by Senator Roger Marshall, the US Congress should investigate Binance US’s links to Merit Peak.
“Something fishy is happening here that doesn’t pass the smell test…Congress requires answers, and Binance.US. and Silvergate are obligated give them to us.”
Senator Roger Marshall stated. They claim that Binance’s management has access to Binance US bank accounts. This is despite numerous claims that the two companies are separate. Binance US and Binance US have been operating separately since 2019. Since 2019, Binance US and Binance CZ have had separate operations. The current CEO of Binance US claimed that he was not aware of the incident. In a statement, a representative of one company denied the transfer information but declined to elaborate on the transaction.Binance’s global arm has dealt with numerous regulatory intrusions and expects to pay fines to the US regulators, according to a Feb. 15 report from the Wall Street Journal. However, Binance.US has rarely been the target of such scrutiny apart from an earlier and ongoing SEC investigation into Merit Peak.Binance.US could soon face public scrutiny, Senator, if today’s recommendation from Marshall is taken up in Congress and becomes more than a personal statement.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.Join us to keep track of news: NewsTags: # Cryptocurrencies#MarketsBinancebinance usBlockchaincryptoCZReutersus


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