Blumenthal Sets Nov. 30 Deadline for Binance, Tether, Trump Ventures; Threatens Subpoena on Jan. 4

According to letters sent on Nov. 5, Sen. Richard Blumenthal (D-Conn.) ordered Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC to begin submitting records by Nov. 30 and complete production by Jan. 4, warning of "alternative measures" if deadlines are missed.

Currently voluntary, the requests will gain legal force when Blumenthal assumes chairmanship of the Senate Permanent Subcommittee on Investigations in January, granting him subpoena authority to compel document production.

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.