Three U.S. Democratic senators said they will oversee the Justice Department's investigation into Binance.

Huoxun Finance News, March 13th - According to Cointelegraph, three US Democratic senators stated they will oversee the Justice Department's investigation into Binance's alleged violations of sanctions related to Iran. Senators Chris Van Hollen, Elizabeth Warren, and Ruben Gallego stated in a joint statement that they will oversee the investigation to ensure the Justice Department pursues the matter and holds any wrongdoing accountable. The Wall Street Journal, citing sources familiar with the matter, reported on Wednesday that the Justice Department is investigating whether Iran may have used Binance to circumvent sanctions. The senators stated that Binance has a history of prioritizing profits over the law, and the report has raised serious concerns about the company again violating US sanctions laws and funding activities of terrorist organizations linked to Iran. Binance previously responded that it was unaware of any investigation but has been cooperating with regulatory and law enforcement agencies in investigating the facts. Binance filed a lawsuit on Wednesday against a Wall Street Journal report from February, alleging defamation.