Regulation· ★★★★· bearish·

Senator Blumenthal Urges DOJ and Treasury to Investigate Tether Over Iran Links

  • —Blumenthal asks DOJ and Treasury to probe Tether for sanctions and banking law violations
  • —Report analyzed 846 wallets; USDT featured in 87% of transactions across 757 Iran-linked wallets
  • —Tether says it helped freeze $550 million in Iran-linked USDT
  • —Report cites Tether's ties to Cantor Fitzgerald and Bo Hines' move to Tether U.S.
Why it matters: The probe could intensify scrutiny of the largest stablecoin and raise regulatory risks for USDT.
#USDT
Source: Koin Bülteni
More on this
Regulation · yesterday
US Senate Probe Finds 84% of Sanctioned Iran Wallets Used USDT; Tether Says It Froze $550M
 Regulation · Sep 15
US DOJ seeks forfeiture of $61M in crypto tied to Iran and Binance
 Regulation · Sep 16
Blockchain Association urges Senate to pass market structure bill