US senators have launched an inquiry into Binance’s alleged role in nearly $2 billion worth of crypto transfers to Iran, accusing the exchange of sanction violations and failing to uphold its previous plea deal commitments. Senator Richard Blumenthal highlighted Binance’s involvement with Iranian and Russian entities through clients linked to money laundering and illicit activities, noting internal whistleblower firings and alleged lobbying influence. Binance has refuted the claims and demanded corrections to negative press coverage while facing demands for detailed compliance-related documents.