Incoming Senate investigations chair Blumenthal writes to Binance, Tether, World Liberty and the $TRUMP coin company, setting a January 4 deadline for records

Sen. Richard Blumenthal, a Connecticut Democrat who will chair the Senate Permanent Subcommittee on Investigations, has written to four crypto-linked companies, according to a press release from his office dated November 5. The recipients are Binance, Tether, World Liberty Financial and Fight Fight Fight LLC, which the release ties to the $TRUMP coin. The release says Blumenthal is leading an inquiry into illicit cryptocurrency use and the Trump administration's dealings with crypto firms.

The letters ask for records and information to be produced voluntarily and say the subcommittee may consider alternative measures if that does not happen by January 4, 2027. CoinDesk reports that such measures could include subpoenas, and that its State of Crypto column counts Democrats as having retaken both the House and the Senate in Tuesday's election.

The same release lists letters to Homeland Security Secretary Markwayne Mullin, FCC Chair Brendan Carr, and technology companies and other known donors to the Trump ballroom. CoinDesk adds that Sen. Elizabeth Warren, expected to chair the Senate Banking Committee, has sent her own letters on crypto charters and the $TRUMP coin, and that hearings with the SEC, CFTC and OCC heads are expected. The next date to watch is January 4.