US government investigation into Tether for sanctions and money laundering violations

From Investing.com

October 25, 2024 02:02:03 pm:

The US government is investigating Tether for possible sanctions and money laundering violations. The probe is looking into whether Tether has been used to fund illegal activities like drug trade, terrorism, hacking, or money laundering. The Treasury Department is also considering sanctioning Tether due to its widespread use by sanctioned individuals and groups, including terrorist organizations and arms dealers.

Read more at Investing.com: US Probes Tether for Sanctions, Laundering Violations