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Senator Blumenthal sets January 4 deadline for Binance, Tether and Trump crypto firms

A Senate probe has asked Binance, Tether and crypto firms linked to Donald Trump to respond by January 4. The inquiry adds scrutiny to major players in the crypto industry.

Illustration: A judge's wooden bench seen from the side in warm lamplight, with a heavy leather book and a small wooden mallet.
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A Senate probe has put Binance, Tether and crypto companies linked to Donald Trump on notice. Senator Richard Blumenthal set a deadline of January 4 for the firms.

Binance is a large crypto exchange, a platform where people trade digital assets. Tether is the company behind a stablecoin, a crypto token designed to hold a steady value, usually tied to the U.S. dollar.

Separately, Trump defended his family's crypto business in an interview on the program 60 Minutes. The material gives no details of what he said in the interview.

The material does not say exactly what information the firms must provide or what happens if they miss the date.

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