Senate probes Binance over $1.7B Iran/Russia flows; laundering hit $82B in 2025

On February 25, 2026, Senator Richard Blumenthal initiated a Senate inquiry into Binance after reports alleged the exchange permitted roughly $1.7 billion in transfers tied to Iran and Russia. Investigators cited compliance warnings and said crypto money laundering reached about $82 billion in 2025, prompting broader regulatory scrutiny.