Stablecoins Such as Tether May Be in U.S. Sights, Top U.S. Treasury Official Warns
Wally Adeyemo, deputy secretary of the Treasury, said issuers outside the U.S. need to be forced to prevent abuse by terrorists. Source
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U.S. Treasury Campaigning for Amplified Powers to Chase Crypto, Tether (USDT) Overseas
Lawmakers should also beef up the department's powers under the Bank Secrecy Act (BSA), allowing for the "targeting of cryptocurrency entities and services that facilitate funding for terrorists," the proposal said. It calls for a new category of financial institutions under the BSA that would include "cryptocurrency exchanges, Virtual Asset
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Tether and Bitfinex withdraw opposition to FOIL request
Tether and Bitfinex have chosen not to challenge the Freedom of Information Law (FOIL) request initiated by journalists, including Zeke Faux, Shane Shifflett and Ada Hui, whom they accuse of displaying “certain behaviors.” The companies allege that Faux’s prior reports on Tether and Bitfinex exceeded the boundaries of professional journalism. FOIL request
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Tether, Bitfinex to Drop Opposition to FOIL Request by Journalists Including Bloomberg Businessweek’s Zeke Faux
Tether previously made a similar announcement after losing in court twice when attempting to block a June 2021 FOIL request filed by CryptoX. That request pertained to documents produced during the New York Attorney General's inquiry on allegations that USDT, the U.S. dollar-pegged stablecoin that Tether issues, was not sufficiently
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Tether, Bitfinex agree to drop opposition to FOIL request
Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in New York by a number of high-profile news publications.A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is committed to transparently sharing information following
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Tether whale received $1.1b USDT since October, buoying bullish speculation
Tether CEO Paolo Ardoino said a recent massive mint at the company’s treasury was intended for inventory purposes, while crypto proponents surmised a bullish thesis due to whale activity with USDT. Whale Alert pointed to $1 billion USDT minted at Tether’s treasury on Nov. 22, propelling chatter among proponents around inflows
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US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether
The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing funds connected to a criminal organization responsible for romance scams.In a Nov. 21 announcement, the Justice Department said the seized funds came from “scammers who stole millions from
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Tether Worth $9M Tied to 'Pig Butchering' Scams Is Seized by U.S. DOJ
The U.S. Department of Justice (DOJ) has seized $9 million worth of the USDT stablecoin linked to organizations that exploited victims through "pig butchering" scams. Source
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London High Court Battle Focuses on $1B Tether Deposit: Financial Times
Arbitral says it is entitled to extra money from assets generated by the business in the year following the sale, according to an agreement between the two firms. According to the report, Britannia claims that Tether deposited the funds with its subsidiary, Britannia Global Markets, and the transaction is therefore
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Tether freezes $225m USDT tied to DoJ trafficking syndicate investigation
The funds seized by Tether were linked to a “pig butchering” scam that cost U.S. citizens $3.3 billion in 2022, according to the FBI. Stablecoin issuer Tether reported freezing $225 million worth of its cryptocurrency USDT in a U.S. Department of Justice (DOJ) probe targeting an international human trafficking ring operating
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