Some information in the lawsuit filed by the US Securities and Exchange Commission against Binance caused the reaction of US senators.
Some senators, including Senator Elizabeth Warren, sent a letter to the US Department of Justice, stating that Binance lied to lawmakers and that this issue should be investigated by the US Department of Justice.
Senators claim that Binance lied about Binance US as an independent cryptocurrency exchange.
Senator Elizabeth Warren described Binance as a hotbed of illegal activity in March and requested some information from the exchange.
Replying to Warren, Binance CEO Changpeng Zhao said in a March letter that Binance US is a completely independent cryptocurrency exchange.
In its lawsuit against Binance, the SEC qualifies Binance US as the de facto subsidiary of Binance.
