US Senators call for DOJ investigation into Binance's alleged false statements to Congress.

Binance may have provided false information to US lawmakers about its business dealings and relationship with its American unit, according to Senators Elizabeth Warren and Chris Van Hollen. The Securities and Exchange Commission (SEC) has also alleged that Binance's global entity and US unit were commingled. The independence of Binance.US from its global unit is critical for regulatory jurisdiction and liability in the event of a failure. Binance and Binance.US have issued separate responses to the SEC lawsuit, with both denying the allegations and vowing to defend themselves vigorously.