Nine U.S. Senate Democrats have requested that the Treasury Department and the Department of Justice investigate Binance regarding its illicit finance controls. The request follows reports suggesting potential funding being channeled to terrorist groups through the global crypto exchange. The lawmakers are urging federal agencies to examine the exchange's compliance and oversight mechanisms.

Nine U.S. Senate Democrats have requested that the Treasury Department and the Department of Justice investigate Binance regarding its illicit finance controls. The request follows reports suggesting potential funding being channeled to terrorist groups through the global crypto exchange. The lawmakers are urging federal agencies to examine the exchange's compliance and oversight mechanisms.