A report in the WSJ could cool the crypto market.
DOJ and Treasury investigating Tether over potential sanctions violations and illicit activityManhattan US attorneys leading criminal probe into possible links to drugs, terrorism, hackingTreasury mulling sanctions against world’s most traded crypto ($190B daily volume)Comes as Tether steps up compliance, recently froze 1,850 wallets worth $114MInvestigation examining if stablecoin used to evade sanctions by Hamas, Russian arms dealersTether strongly denies allegations, says working with law enforcementCantor Fitzgerald manages $80B+ of Tether’s Treasury holdingsFollows $4.3B Binance settlement and previous $61M regulatory fine
Bitcoin is down 2.5% to $66,450 today and is under pressure on this report as it’s a sign that the whole ecosystem is under threat.
This article was written by Adam Button at www.forexlive.com.
