The US Department of Justice (DOJ) is about to launch a new investigation in the SEC-Binance case, accusing the exchange of providing false information to Congress. Behind the inquiry request are US senators known for their stance against Bitcoin.
Justice Department steps in: US senators accuse Binance of providing false information to Congress
According to Bloomberg’s report, two senators, including Senator Elizabeth Warren, claim that Binance.US lied about being an independent company. For this reason, senators are requesting the US Department of Justice to launch a new investigation into the stock market.
Senators Elizabeth Warren and Chris Van Hollen claimed in a letter to US Attorney General Merrick Garland that Binance had misrepresented its relationship with Binance.US. The letter follows up on a previous investigation submitted in March. Senators filed a request with the Justice Department for a new investigation.
As you follow on Kriptokoin.com, the SEC filed a lawsuit Monday against Binance and its CEO, Changpeng “CZ” Zhao, alleging the sale of unregistered securities, the mixing of client funds, and the alleged “secret” control of Binance.US by CZ. opened. Senators cited the case as a serious case in a letter Wednesday.
BNB price reacted contrary to expectations
Binance’s native cryptocurrency, BNB, has gained around 3% following the new inquiry request. Coinmarketcap data shows that the price initially dropped around 1%, bolstered by new buyers. Despite the recent recovery, the weekly depreciation is around -13%.
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