News with the tag "Tether controversy"

The cryptocurrency market is currently facing turbulence following reports of a U.S. investigation into Tether, one of the market’s most crucial stablecoins. As uncertainty looms, the implications of this investigation could have far-reaching effects on the broader crypto ecosystem. The potential ou...

In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly led by prosecutors from the Manhattan US Attorney’s Of...

In his latest interview, Ripple CEO Brad Garlinghouse stated that the U.S. government’s next target in the crypto space would be Tether (USDT). As the U.S. government has been working to bring stablecoin regulations, it could potentially go after dominant players like Tether. However, hours later, T...

Amid registering record-breaking profits, USDT stablecoin issuer Tether has been expanding its market footprint recently. Earlier this week, Tether minted an additional $1 billion while adding $13 billion to its market cap in just the last four months. However, banking giant JPMorgan has raised conc...

In a recent development, US lawmakers have urged the US Department of Justice (DOJ) to initiate a criminal investigation into cryptocurrency exchange Binance (BNB) and stablecoin issuer Tether (USDT). The lawmakers, led by Senator Cynthia Lummis, reference a controversial Wall Street Journal (WSJ) r...