Senators call for criminal investigation into Binance for lying to Congress

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Senators call for criminal investigation into Binance for lying to Congress
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After Binance responded to a bipartisan inquiry by claiming that Binance and its U.S. exchange were “separate entities,” Democratic Sens. Elizabeth Warren and Chris Van Hollen requested a “rapid and thorough investigation” into the company.

Cryptocurrency exchange Binance Holdings Inc. is facing major civil lawsuits from U.S. regulators, and now two U.S. senators are requesting that the Department of Justice conduct a criminal investigation into the company for making false statements to Congress.

See also: SEC charges Binance and founder CZ with mishandling customer funds, illegally serving U.S. investors

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