US senators to oversee DOJ probe of Binance's Iran sanctions violations

A group of U.S. Democratic senators has announced its intention to oversee a Department of Justice (DOJ) investigation into Binance's potential violations of sanctions against Iran, Cointelegraph reported. In a joint statement, Senators Chris Van Hollen and Elizabeth Warren, among others, emphasized that the DOJ must conduct a thorough investigation and hold Binance accountable if any illegal activities are confirmed. They expressed concern that Binance, which they said has a history of prioritizing profits over the law, may have once again violated U.S. sanctions and helped funnel funds to terrorist organizations with ties to Iran.