U.S. Senator Investigates Binance Over $1.7 Billion Crypto Flow to Iran | BNB Scrutiny

A prominent U.S. Senator has launched a formal investigation into the global cryptocurrency exchange Binance. The probe centers on allegations that over $1.7 billion in digital assets were illicitly funneled to Iranian entities, bypassing strict international sanctions. The inquiry demands detailed information from Binance regarding its compliance protocols and internal controls designed to prevent such transactions. This regulatory scrutiny highlights ongoing concerns about the use of crypto platforms for potential sanctions evasion and money laundering. The development places Binance and its native token, BNB, under significant regulatory pressure, potentially impacting market sentiment and compliance standards across the industry.