Senator Blumenthal demands crypto records from Binance, Tether, $TRUMP meme coin firms

Senator Richard Blumenthal, a Democrat from Connecticut, is preparing to lead the Senate Permanent Subcommittee on Investigations (PSI) as Democrats assume the majority in January. Blumenthal has sent formal letters to four crypto-related entities—World Liberty Financial, Fight Fight Fight LLC, Binance, and Tether —requesting them to provide voluntary documents by January 4, 2027, which is one day after the new Congress convenes. Democrats secured control of both legislative chambers in the November 3 midterms. The new Congress is expected to begin its session on January 3, in line with the 20th Amendment, unless otherwise scheduled. As chair of the PSI, Blumenthal will possess the authority to issue subpoenas for records and documents or delegate the authority as needed.

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