US Senator Asks the Department of Justice to Criminally Charge Binance And Tether

It has been just revealed the fact that the US senator Cynthia Lummis asked that the Dept. of Justice charge Binance and Tether. Check out more details about the matter below.

Check out this relevant tweet below.

JUST IN: US Senator Cynthia Lummis asks the Department of Justice to criminally charge #Binance & Tether. pic.twitter.com/zOcjSxknbY

— Watcher.Guru (@WatcherGuru) October 26, 2023

Watcher Guru noted the fact that US lawmakers have called on the Justice Department (DOJ) to investigate and issue criminal charges against Binance and Tether regarding their potential role in illicit finance activities.

It is important that we note the fact that Senators Cyntia Lummis of Wyoming and French Hill of Arkansas issued a letter to the DOJ on Thursday.

There, they asked the department to “carefully evaluate the extent to which Binacn and Tether are providing material support and resources to support terrorism through violations of applicable sanctions laws and the Bank Secrecy Act.”

Reports have emerged regarding the use of digital assets for terrorist financing, prompting the US government to take action and investigate the crypto industry.

The government is mainly focusing its efforts on identifying potential links between money laundering for criminal purposes and the industry as a whole.

Recently, US lawmakers have urged the Department of Justice (DOJ) to pursue criminal charges against Binance and Tether. Specifically, they have called for an investigation into the extent to which both companies have facilitated terrorist activities.

The lawmakers have also expressed their support for the DOJ’s quick action against Binance and Tether to cut off the funding sources of terrorist groups targeting Israel. This letter was written by the lawmakers on Thursday.

Watcher Guru mentioned the fact that Senator Cynthia Lummis took to X (formerly Twitter) to discuss the request. Specifically, he noted that, in illicit finance activities, “crypto is not the enemy—bad actors are.” Moreover, she noted the request arrived after reports surfaced that both companies “served as intermediaries for Hamas and engaged in illicit activities.”

The lawmaker called on Attorney General Merrick Garland to take action against both companies. Specifically, they asked him to “reach a changing decision on Binance that reflects their level of culpability and expeditiously conclude your investigations into the ongoing illicit activities involving Tether, as noted by the online publication Watcher Guru.