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

CoinFeed reported on March 13th, citing Cointelegraph, that 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 holds Binance accountable for any wrongdoing. 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 that the company may again violate US sanctions laws and fund activities of terrorist organizations linked to Iran.