Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • The United States Leads the Charge in Bitcoin Adoption: A Rising Correlation with Stock Markets
    • Memecoins Stir Up the Market – CryptoNinjas
    • Meme Coins Are #1 Trend in 2024
    • Top Analyst Now Sees Window of Opportunity for Bitcoin and Altcoins To Pop – But There’s a Catch
    • Toncoin Signals Accumulation Phase as Open Interest Hits Nine-Month Low – What’s Next?
    • Bitget Token Surprises the Market by Rising 813% in 2024: Can You Predict Its 2025 Value?
    • Ethereum Price Approaches Critical Resistance: A Turning Point?
    • DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report
    Coin Elites
    • Home
    • Cryptocurrency
    • Crypto News
    • Ethereum
    • Bitcoin News
    • Blockchain
    • Altcoins
    • Shop
    Coin Elites
    Home»Crypto News»16 US Lawmakers Urge For Biden’s Action
    Crypto News

    16 US Lawmakers Urge For Biden’s Action

    dfrancis36By dfrancis36June 5, 2024No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    [ad_1]

    The complex saga between crypto exchange Binance and the Nigerian government has intensified as US congress members have called for the Biden administration’s immediate action.

    In a letter addressed to the US president, the lawmakers expressed concern about Binance Executive Tigran Gambaryan’s health and urged the government to bring him back from Nigerian imprisonment.

    US Lawmakers Urge For Binance Exec Safely Return

    On June 4, 16 US congress members signed a letter urging President Biden to intervene in the case of former US federal agent Tigran Gambaryan. The executive has been detained in Nigeria for the past three months, and his current health state has raised alarms among House members.

    Nigerian authorities detained Gambaryan on February 26 alongside his colleague Nadeem Anjarwalla, who later escaped. Since then, the executive has been in custody, without access to his passport, and under supervised communication with his legal team and family.

    Fragment of Congress’ letter to the Biden Administration. Source: Eleanor Terrett on X

    The letter states that Gambaryan’s unlawful detention has been marked by excessive and harsh treatment. It emphasizes that the charges against the executive are “baseless and constitute a coercion tactic by the Nigerian government to extort his employer, Binance.”

    In court, the Nigerian authorities have admitted to retaining Gambaryan as their only bargaining card against the crypto exchange. On April 25, the prosecutor stated that since “The 1st defendant [Binance] is operating virtually. The only thing we have to hold on to is this defendant [Tigran].”

    Binance’s CEO, Richard Teng, has addressed this in a letter. Teng called out the Nigerian government for trying to set a dangerous precedent for all companies worldwide with its crackdown on Binance’s mid-level employees.

    A Call For Action “Before It’s Too Late”

    The US lawmakers highlighted Gambaryan’s “impressive and distinguished” background as a federal agent. Additionally, they pointed out the irony of his legacy being acclaimed by the government while the former federal agent fights for his life in a prison cell:

    Mr. Gambaryan’s legacy of dedication to justice and the law continued even after he left federal service. On May 3rd of this year, while Tigran fought for his life inside a prison cell designed to hold ISIS combatants, the U.S. Department of Justice issued a press release announcing a historic seizure, thanking former Special Agent Tigran for his groundbreaking work in the investigation.

    In the letter, the congress members painted a worrying picture, explaining that the executive’s life was at risk due to a lack of medical treatment. As reported by Bitcoinist, Gambaryan suffered from a health episode during a court hearing on May 23.

    The day prior, the former US federal agent failed to appear in court for the tax evasion case against him, raising concerns about his physical state and whereabouts. However, he showed up to the money laundering charges hearing the next day, where he collapsed and required medical assistance.

    Since then, it has been revealed that Gambaryan tested positive for malaria and has been denied adequate medical assistance by the prison officers. Due to his collapse, the court ordered that the executive be sent to a hospital to be treated.

    According to the lawmakers’ letter, this request has not been fully complied with, and Gambaryan has not received adequate treatment for the disease. As a result, the House members, including Chairman Michael McCaul, are urging the US government to step forward.

    The letter requests Gambaryan’s case to be transferred to the Office of the Special President Envoy for Hostages Affairs. Ultimately, the politicians expressed their fear for the executive’s life and called for immediate action “before it’s too late.”

    Binance, BNB, BNBUSDT, Binance coin

    Binance Coin (BNB) is trading at $700.1 in the weekly chart. Source: BNBUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

    [ad_2]

    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    dfrancis36
    • Website

    Related Posts

    Meme Coins Are #1 Trend in 2024

    December 25, 2024

    Avg Active Users Jumped 10% In 2024

    December 25, 2024

    Crypto Staking Classified As Taxable By IRS Amid Legal Dispute

    December 25, 2024

    Singapore Takes the Lead Over Hong Kong in Asia’s Crypto Hub Race – Here’s Why

    December 24, 2024
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    The United States Leads the Charge in Bitcoin Adoption: A Rising Correlation with Stock Markets

    January 28, 2025

    Memecoins Stir Up the Market – CryptoNinjas

    December 25, 2024

    Meme Coins Are #1 Trend in 2024

    December 25, 2024

    Top Analyst Now Sees Window of Opportunity for Bitcoin and Altcoins To Pop – But There’s a Catch

    December 25, 2024

    Toncoin Signals Accumulation Phase as Open Interest Hits Nine-Month Low – What’s Next?

    December 25, 2024
    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto News
    • Cryptocurrency
    • Ethereum
    About us

    Welcome to CoinElites.com, your premier destination for the latest news and insights in the dynamic world of cryptocurrency. Our blog is dedicated to providing you with up-to-the-minute updates and comprehensive analysis on everything related to Crypto News, Bitcoin, Ethereum, and other cryptocurrencies.

    At CoinElites.com, we understand the fast-paced nature of the crypto market and the importance of staying informed. Whether you're an experienced trader, a casual investor, or someone new to the world of digital currencies, our mission is to deliver accurate and relevant information to help you navigate the ever-evolving landscape of cryptocurrency.

    Top Insights

    The United States Leads the Charge in Bitcoin Adoption: A Rising Correlation with Stock Markets

    January 28, 2025

    Memecoins Stir Up the Market – CryptoNinjas

    December 25, 2024

    Meme Coins Are #1 Trend in 2024

    December 25, 2024
    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto News
    • Cryptocurrency
    • Ethereum
    • Privacy Policy
    • Disclaimer
    • Terms & Conditions
    • About us
    • Contact us
    Copyright © 2024 Coinelites.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.