US Senator Elizabeth Warren is probing crypto exchange Binance and its subsidiary Binance.US over the companies’ finances and operations.
Highlights
- US Senator Elizabeth Warren is probing crypto exchange Binance and its American arm Binance.US over the companies’ finances and operations.
- Warren asks the two executives a series of questions, saying that retail investors deserve a “full, unobstructed view of relevant operations of the companies they entrust with their assets’s assets” The Massachusetts Senator also accuses the two companies of not having the necessary separation that they have claimed, and compares the two entities to collapsed crypto exchange FTX and its subsidiary FTX.US.
- Warren lists seven demands from Zhao and Shroder.
- They are as follows: Please provide complete copies of all Binance.
- and Binance subsidiary balance sheets from 2017 to the present.
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