U.S. lawmaker asks Binance.US to provide required documents by Sept. 12 to demonstrate compliance with investor safety protocols

Congressman Raja Krishnamoorthi, a member of the U.S. Congressional subcommittee on economic and consumer policy, wrote to Binance.US President and CEO Brian Shroder, highlighting the lack of involvement of crypto exchanges in helping the U.S. government curb financial fraud and protect investors, asking Binance. US presents all required documents since commencement of operations, deadline September 12th. In addition to the documents, Shroder was asked to answer questions disclosing the tools and mechanisms the exchange has implemented to mitigate risk, fraud and scams. Foresight News reported today that members of the Oversight Committee of the U.S. House of Representatives sent letters to exchanges such as Binance and Coinbase asking about their consumer protection measures.