Mmastodon BusinessCrypto first seen 18 h ago, last 11 h ago, peak #7
Senate Probe Finds Iranian Regime's Widespread Use of Tether
Original: The Morning Risk Report: Senate Investigation Finds Rampant Use of Tether's Stablecoin by Iranian Regime https://www.wsj
A US Senate investigation has found that Iran's government has made extensive use of Tether's USDT stablecoin, according to a Wall Street Journal risk report. The findings are expected to intensify scrutiny of Tether's role in sanctions evasion and could add pressure on US lawmakers considering stricter regulation of dollar-pegged stablecoins.
Why now: Fresh findings tying a major stablecoin to Iranian sanctions evasion are fueling debate over crypto regulation.
TetherUS SenateIranWall Street JournalUSDT
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