Binance rejected the allegations, saying it flags suspicious activity, enforces strict compliance procedures and does not permit Iranian users on the platform. A senior US lawmaker launched a congressional inquiry into crypto exchange Binance following reports that the platform processed about $1.7 billion in transactions tied to sanctioned Iranian entities and Russia’s oil “shadow fleet.” On Tuesday, Senator Richard Blumenthal, ranking member of the Senate Permanent Subcommittee on Investigations, sent a letter to Binance CEO Richard Teng requesting documents and internal records related to the exchange’s sanctions controls and compliance practices. Citing reporting from the Wall Street Journal, New York Times and Fortune, Blumenthal said Binance compliance staff had identified two partner entities, including Hexa Whale and Blessed Trust, as intermediaries enabling trade with Iranian government-linked organizations. Internal investigators also reportedly traced transfers to wallets associated with Iran’s Isl...
WASHINGTON: US President Donald Trump opened the foreign-policy portion of his State of the Union address tonight with a carefully calibrated message on Iran, stating that his “preference is to solve this problem through diplomacy” while warning he would “never” allow Tehran to acquire a nuclear weapon. The formulation, which projected readiness for talks while keeping the option of military force deliberately ambiguous, reflected his broader doctrine of “peace through strength.” US President Donald Trump delivers the State of the Union address in the House Chamber of the US Capitol in Washington, DC, US on February 24, 2026. — Reuters Trump argued that a rebuilt US military and higher defence spending by Nato allies had strengthened Washington’s hand. At the same time, he asserted that Iran was developing missiles capable of reaching the United States and complained: “We haven’t heard those secret words (from Iran): ‘We will never have a nuclear weapon.’” He blamed Tehran for pursuing a “sinister nuclear pro...