US Senator Richard Blumenthal has set a Jan. 4, 2027, deadline for Binance, Tether and two companies linked to President Donald Trump to voluntarily turn over records requested in Senate investigations.
Blumenthal, the ranking Democrat and incoming chair of the Senate Permanent Subcommittee on Investigations, sent follow-up letters on Thursday to Binance, Tether, World Liberty Financial and Fight Fight Fight LLC, the entity that launched the TRUMP memecoin. The letters asked the companies to begin producing documents by Nov. 30.
Warning of further action
Blumenthal warned that failure to meet the January deadline could prompt the subcommittee to take further steps. He wrote that the panel would consider “alternative measures to obtain compliance” if the companies miss the deadline. Current subcommittee rules allow its chair to issue subpoenas for documents and records.
Cointelegraph sought comment from Binance, Tether, World Liberty Financial and Fight Fight Fight LLC but did not receive responses before publication.
Ongoing inquiries into Trump ventures
The demand for records is part of a broader inquiry Blumenthal opened in May 2025 into potential conflicts of interest involving Trump’s crypto ventures. In June 2026, Blumenthal and four other Senate Democrats called for hearings into a reported $500 million deal for an Abu Dhabi investment firm to buy a 49% stake in World Liberty Financial.
World Liberty Financial’s lawyers have disputed Blumenthal’s claims and stated that the company has no affiliation with Fight Fight Fight LLC.
Binance and Tether records requests
Blumenthal’s letters also renew earlier requests for information from major crypto firms. In February, he asked Binance for records on transactions linked to Iranian entities and Russia’s shadow fleet. Binance replied in March, calling the underlying reports false and stating that, to its knowledge, no Binance account had transacted directly with an Iran-based entity. In Thursday’s letter, Blumenthal said Binance still had not turned over any of the requested records.
The senator’s letter to Tether renewed requests for records on the use of USDT by sanctioned entities and on Tether’s dealings with Nxum, a consulting firm co-founded by former White House crypto adviser Bo Hines. In September, Blumenthal released a report by the panel’s Democratic staff alleging that USDT has become a key part of Iran’s shadow banking network.
Tether has disputed claims that USDT provides a haven for sanctioned actors, saying it helped authorities freeze nearly $550 million in Iran-linked tokens in 2026.
