Blumenthal Sets January 4 Deadline for Four Crypto Firms

Sen. Richard Blumenthal’s office says four cryptocurrency firms have until January 4, 2027, to voluntarily provide records to a Senate investigative panel examining alleged illicit crypto activity and ventures connected to the Trump family. The firms are Binance, Tether, World Liberty Financial and Fight Fight Fight LLC.

Blumenthal’s office announced follow-up letters on November 5. The letters say the Senate Permanent Subcommittee on Investigations may consider other ways to obtain compliance if the firms do not meet the deadline. They do not specify what those measures would be, and the requests are voluntary, not subpoenas.

The subcommittee’s rules authorize its chair, or a member designated by the chair, to issue subpoenas for witnesses and documents. Blumenthal is the panel’s ranking Democratic member and has been identified by his office as its incoming chair when the new Congress convenes in January. The letters do not say whether he will seek subpoenas or take another step.

The Binance and Tether inquiry concerns alleged illicit cryptocurrency use and dealings between crypto firms and the Trump administration, according to Blumenthal’s office. The office has announced no...