Tether Under Investigation: Inquiry in the U.S.

The U.S. Department of Justice has launched an investigation into Tether's activities for potential violations of anti-money laundering regulations. The company's CEO, Paolo Ardoino, recently called for the introduction of cryptocurrency regulations in the country.

Tether is suspected of conducting business with individuals and groups on the U.S. sanctions list, as well as using USDT to fund illegal activities, including drug trafficking and terrorism. The Department of the Treasury is discussing potential fines for the stablecoin issuer, along with the possibility of banning transactions with USDT for Americans.

Commenting on the investigation, Ardoino stated that there is no confirmation of this information. However, if the investigation is indeed taking place, it could have negative implications for the entire cryptocurrency market.