{"id":76279,"date":"2026-03-14T02:01:32","date_gmt":"2026-03-14T02:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=76279"},"modified":"2026-03-14T02:01:32","modified_gmt":"2026-03-14T02:01:32","slug":"binance-is-suing-the-wall-street-journal-and-now-congress-wants-answers-too","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=76279","title":{"rendered":"Binance Is Suing The Wall Street Journal \u2014 And Now Congress Wants Answers Too"},"content":{"rendered":"
\n

The timing couldn\u2019t have been more awkward for Binance. Just as the exchange filed a defamation lawsuit<\/a> against the Wall Street Journal this week, three US senators turned around and publicly announced they\u2019d be watching any related Justice Department probe like hawks.<\/p>\n

For a company still living down a $4.3 billion settlement, the last thing it needed was fresh attention from Capitol Hill.<\/a><\/p>\n

\n

We have initiated legal action against @WSJ<\/a> for publishing a false and defamatory report, with the goal of setting the record straight.<\/p>\n

This lawsuit is a necessary measure to protect our organization from misinformation, hold WSJ accountable for compromising journalistic\u2026 pic.twitter.com\/ZwQxjKguzy<\/a><\/p>\n

\u2014 Eleanor Hughes (@eleanorshughes1) March 11, 2026<\/a><\/p>\n<\/blockquote>\n

The Senate Steps In<\/h2>\n

Senators Elizabeth Warren, Chris Van Hollen, and Ruben Gallego want the DOJ<\/a> to do this by the book \u2014 no shortcuts, no quiet shelving.<\/p>\n

Their joint statement made that clear. And they weren\u2019t bluffing about leverage: the trio signaled they\u2019re ready to start pulling documents and hauling in witnesses if they feel the department is dragging its feet or letting things slide.<\/p>\n

What set this off was a Wall Street Journal report<\/a> claiming federal prosecutors are examining whether Iran-linked entities used Binance to move money around US sanctions \u2014 with around $1 billion in transfers allegedly under the microscope.<\/p>\n

The DOJ hasn\u2019t said a word publicly. Binance says the story is wrong.<\/p>\n

<\/p>\n

Old Wounds<\/h2>\n

The reason this particular accusation stings more than it might for another company: Binance<\/a> already went through this. In 2023, it pleaded guilty to anti-money-laundering and sanctions violations and wrote a check for $4.3 billion.<\/p>\n

That history is exactly why Warren and her colleagues aren\u2019t inclined to sit back \u2014 they\u2019ve seen what happens when enforcement pressure eases up.<\/p>\n

Binance\u2019s lawsuit against the Journal is, on the surface, a defamation case. But it\u2019s also an argument about methodology. The company says reporters cherry-picked numbers and dressed up unverified allegations as fact, causing real damage to its reputation and business. It wants a court to call the coverage<\/a> defamatory and pay accordingly.<\/p>\n

What They\u2019re Actually After<\/p>\n

Congressional oversight here isn\u2019t about grandstanding \u2014 or at least that\u2019s how the senators are framing it. The questions they\u2019re zeroing in on are specific: Did Binance actually do enough to freeze out sanctioned accounts? Were its compliance tools used properly, or just for show? If someone inside the company raised alarms, did those warnings go anywhere?<\/p>\n

Legal experts say this kind of pressure can move fast. What starts as a strongly worded letter can become subpoenas, depositions, requests for records tied to the monitorship Binance has been operating under since its settlement. Former executives could find themselves sitting across from Senate staffers.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The timing couldn\u2019t have been more awkward for Binance. Just as the exchange filed a defamation lawsuit against the Wall Street Journal this week, three US senators turned around and publicly announced they\u2019d be watching any related Justice Department probe like hawks. For a company still living down a $4.3 billion settlement, the last thing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-76279","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76279"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/76279\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}