Binance responds to inquiries from three U.S. senators: The content of the letter is inaccurate and incomplete, and Binance.US is not a subsidiary of Binance

2023-03-28 15:59:25

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ChainCatcher news, according to official sources, Binance responded to U.S. Senators Warren, Van Hollen, and Marshall's inquiries about Binance at the beginning of the month, stating that the articles referenced in the senators' letters regarding Binance.com (not Binance.US) are either inaccurate or incomplete.

Binance emphasized its commitment to compliance, regularly engaging with U.S. law enforcement and striving for greater transparency by publishing proof of reserves, information on hot and cold wallets, and commitments from the trading platform.

As previously reported by ChainCatcher, on March 3, three senators from the U.S. Senate Banking Committee wrote to Binance requesting a "complete copy of the balance sheets of Binance and its subsidiaries from 2017 to the present," as well as an "estimate of the number and percentage of users in the U.S. for each fiscal quarter from 2017 to the present." (source link)

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