U.S. Senator opens probe on Binance over alleged $1.7 billion flow to Iranian entities

🤖 AI Summary

U.S. Senate Homeland Security Committee Democrat Senator Richard Blumenthal initiates investigation into alleged sanctions violations by cryptocurrency exchange Binance. Investigation focuses on allegations of $1.7 billion transferred from Binance platform accounts to Iran-related entities.

📊 Comment: Regulatory risks resurface, potential for increased pressure on Binance.