US Senator Richard Blumenthal has once again demanded records from Binance, Tether, World Liberty Financial and Fight Fight Fight LLC. He has given them January 4, 2027 deadline to comply with congressional investigation. The senator has warned that failure to provide the requested information will lead to further action by the Senate Permanent Subcommittee on Investigations (PSI).

Senator Blumenthal is a Democrat from Connecticut. He is also the subcommittee’s ranking member. He has sent formal letters to the companies mentioned above accusing them of failing to respond to earlier document requests. According to a statement from his office, the firms have not produced the requested records or provided sufficient responses.

The January 4 deadline will give the companies another opportunity to comply voluntarily. After the deadline, the subcommittee will consider other measures to secure the required data. The latest demands show increased congressional scrutiny of the cryptocurrency sector.

Senate Probe Examines Binance and Tether Transactions

The investigation covers several areas of concern involving these cryptocurrency companies and their political connections. The inquiries into Binance and Tether focus on the alleged use of digital assets in transactions involving sanctioned entities linked to Iran and Russia. They will also examine interactions between the Trump administration and cryptocurrency businesses.

Tether is facing particular scrutiny over the reported use of $USDT stablecoin in Iranian financial networks. The inquiry also examines reported payments to a consulting firm associated with a former White House cryptocurrency adviser.

Separately, the subcommittee is investigating World Liberty Financial, a crypto company linked to the Trump family. The investigation also includes Fight Fight Fight LLC, which is associated with the $TRUMP memecoin. These inquiries focus on potential conflicts of interest involving the Trump family’s cryptocurrency business activities.

Blumenthal Sets Earlier Production Date for Trump-Linked Firms

In addition to the January 4 deadline, Blumenthal instructed WLFI and Fight Fight Fight LLC to begin producing the requested records by November 30. The January date serves as the final voluntary compliance deadline for all the companies. Remember that no final conclusions have been reached in any of the investigations.