Verified NEWS TETHER USDT USA GOVERNMENT

The most recent report about the U.S. government’s investigation into Tether was published on October 25, 2024, by Cryptonews

. Earlier reports about related investigations, particularly concerning Tether’s transactions through sanctioned Russian exchanges, were covered in March 2024 by The Block .

Yes, the U.S. government is currently investigating Tether, the company behind the stablecoin USDT, for potential sanctions violations and anti-money-laundering issues. This scrutiny comes from allegations that USDT may have facilitated transactions for entities involved in illegal activities, such as money laundering, terrorism financing, and sanctions evasion. One of the primary concerns involves $20 billion worth of USDT transactions reportedly flowing through Garantex, a Russian exchange sanctioned by the U.S. and U.K. due to its alleged ties to criminal networks  .

These investigations are part of broader efforts by the Department of Justice (DOJ) and other federal agencies to ensure stablecoins like USDT are not used to bypass financial regulations. Tether has responded by stating it cooperates with law enforcement and actively freezes wallets linked to criminal activity. However, scrutiny on stablecoins is intensifying as regulators assess potential risks to national security and financial stability.