Recent reporting revealed that internal investigators at Binance identified approximately $1.7 billion in crypto transactions that flowed to Iranian-linked entities — including entities allegedly connected to Iran’s Islamic Revolutionary Guards Corps, which is designated as a terrorist organization by the United States.

Cryptocurrency exchanges now handle billions of dollars in global transactions every day. When compliance systems fail — or appear to fail — the consequences can extend far beyond financial markets and into national security.

Crypto platforms must not become blind spots for sanctions evasion or terror financing.

We call on the U.S. Department of the Treasury, the Department of Justice, and Congress to mandate independent, third-party audits of major cryptocurrency exchanges to assess compliance with anti-money-laundering laws and sanctions enforcement.

These audits should include:

Sanctions screening procedures
Vendor and “fiat partner” oversight
Reporting protocols for suspicious transactions
Internal whistleblower protections.

Transparency strengthens markets. Oversight protects national security. Accountability builds trust.

Audit crypto exchanges now.