Treasury Department Demands Binance Compliance After Iran Crypto Reports
Binance has faced scrutiny from Democratic lawmakers about potential sanctions evasions facilitated by its platform, including transfers of cryptocurrency to recipients linked to Iran.
The U.S. Department of the Treasury has privately demanded that Binance comply with a monitoring program U.S. regulators imposed on the crypto exchange in 2023, when it pleaded guilty to charges related to sanctions and anti–money-laundering violations, The Information has learned.
The Treasury Department’s request—which it sent to Binance in a letter in the past few weeks—comes in the wake of recent reports that more than $1 billion flowed through the crypto exchange to Iran-linked entities in 2024 and 2025. The department’s demand is the first publicly reported signal of an aggressive action by the Trump administration toward the crypto giant. It comes as Binance’s separately managed American entity is seeking to rebuild its U.S. presence after its business collapsed following a 2023 lawsuit from the Securities and Exchange Commission.