Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs issued a statement responding to reports that the U.S. Department of Justice is investigating whether Binance violated U.S. sanctions laws by facilitating billions of dollars in transactions linked to Iran and Iran-aligned proxies tied to terrorism. The statement, issued by Senator Chris Van Hollen along with the Committee’s Ranking Member Elizabeth Warren and the Digital Assets Subcommittee Ranking Member Ruben Gallego, referenced Binance’s “track record” and said recent reporting raises concerns that the firm may again be breaching sanctions restrictions. It also noted that Van Hollen, Warren, Gallego and all Committee Democrats had previously urged Treasury Secretary Scott Bessent and Attorney General Pam Bondi to pursue this action, and pointed to separate reports that Binance is taking on increased risk in countries used by illicit actors to evade U.S. sanctions and export controls. They said they will conduct oversight to ensure the Department of Justice carries out a serious investigation and holds Binance accountable if wrongdoing is found.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-03-12
U.S. Senate Committee on Banking, Housing and Urban Affairs Democrats back DOJ investigation into Binance for alleged Iran-linked sanctions violations
Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Senator Chris Van Hollen, issued a statement on the U.S. Department of Justice's investigation into Binance's potential violation of U.S. sanctions laws linked to Iran. Supported by Senators Elizabeth Warren and Ruben Gallego, the statement highlighted concerns over Binance's history and alleged facilitation of transactions for Iran-aligned proxies. The Committee members emphasized their commitment to overseeing the investigation to ensure accountability if violations are confirmed.