Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows

Senator Richard Blumenthal (D-Conn.) is pressuring the DOJ and Treasury's FinCEN to disclose the status of monitors overseeing Binance after $1.7 billion in Iran-linked crypto flows. The monitors, part of a 2023 $4.3 billion settlement with Binance over compliance failures, are tasked with ensuring the exchange improves its anti-money laundering and sanctions enforcement.