Binance, Tether and Trump crypto firms face Senate records deadline

US Senator Richard Blumenthal gave Binance, Tether and two Trump-linked crypto firms until Jan. 4, 2027, to voluntarily turn over records sought in Senate inquiries.Failure to meet the January deadline could prompt further action, he warned.Blumenthal, the ranking Democrat and incoming chair of the Senate Permanent Subcommittee on Investigations, sent follow-up letters Thursday to Binance, Tether, World Liberty Financial and Fight Fight Fight LLC, the company that launched President Donald Trump’s TRUMP memecoin.The letters asked the companies to begin turning over records by Nov. 30. The Jan. 4 deadline falls a day after Democrats are due to take control of the Senate.Blumenthal wrote that the subcommittee would consider “alternative measures to obtain compliance” if the companies miss the January deadline. The panel’s current 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.Related: US senator probes Tether after reported deal with ex-Trump crypto adviserSenate inquiries span sanctions and Trump’s crypto tiesIn May...