Sign In  |  Register  |  About Corte Madera  |  Contact Us

Corte Madera, CA
September 01, 2020 10:27am
7-Day Forecast | Traffic
  • Search Hotels in Corte Madera

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Senate Democrats ask DOJ to investigate Binance statements to lawmakers

Sens. Elizabeth Warren and Chris Van Hollen asked the Justice Department to investigate crypto exchange Binance about whether it made false statements to U.S. lawmakers.

Sens. Elizabeth Warren and Chris Van Hollen are asking the Justice Department to investigate crypto exchange Binance Holdings over whether it made false statements to U.S. lawmakers about its business practices.

"This is a serious matter," Warren, D-Mass., and Van Hollen, D-Md., wrote in a letter to Attorney General Merrick Garland on Thursday.

In March, Warren, Van Hollen and Kansas Republican Sen. Roger Marshall requested information on the relationship between Binance and Binance.US, including a range of financial data.

YELLEN SAYS MORE CRYPTO REGULATION 'WOULD BE APPROPRIATE'

Binance responded at the time saying the two companies were "separate entities" and compliance was a priority. While providing limited financial data, Binance Chief Strategy Officer Patrick Hillmann signed off on the company’s 14-page response to the March investigation.

The Thursday letter detailed how the cryptocurrency exchange may have made false statements, including whether its American affiliate, Binance.US, was indeed a separate entity.

CRYPTO EXCHANGE BINANCE, CEO HIT WITH CHARGES IN SEC LAWSUIT

"It appears that Binance and Binance.US undermined this important investigation and the legislative process by providing false and misleading information to Congress," Warren and Van Hollen wrote in the letter.

In a 136-page complaint filed in federal court on Monday, the Securities and Exchange Commission (SEC) accused Binance and the company’s CEO, Changpeng Zhao, of operating a "web of deception."

With its 13 total charges, the SEC complaint accused Binance Holdings, Zhao, BAM Trading and BAM Management US Holdings of committing breaches of the Securities Act and the Exchange Act, two U.S. laws pertaining to securities.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The Justice Department declined to comment. Binance did not respond to FOX Business’ request for comment.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 CorteMadera.com & California Media Partners, LLC. All rights reserved.