https://finance.yahoo.com/news/tether-reveals-partnerships-secret-fbi-053041589.html

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Tether Reveals Partnerships With Secret Service, FBI in Letter to
U.S. Senate

Read full article
1   
Hope C
December 18, 2023 at 12:30 AM*2 min read
Tether Reveals Partnerships With Secret Service, FBI in Letter to
U.S. Senate
Tether Reveals Partnerships With Secret Service, FBI in Letter to
U.S. Senate

Tether, the company behind the leading USDT stablecoin, has made
public the letters it sent to the U.S. Senate Committee on Banking,
Housing, and Urban Affairs, as well as the U.S. House Financial
Services Committee, highlighting its dedication to security and its
close partnerships with law enforcement agencies.

In the recent letter, Tether's CEO Paolo Ardoino, who recently
assumed leadership of the company, emphasized Tether's decision to
disable its tokens in all wallets associated with the Office of
Foreign Assets and Controls (OFAC) sanction list. Ardoino claimed
that Tether has assisted the Department of Justice, U.S. Secret
Service, and Federal Bureau of Investigation (FBI) in freezing 326
wallets controlling 435 million USDT thus far. However, it appears
that the recently frozen wallets contain a smaller number of tokens
than the stated sum.

Ardoino also revealed that Tether has recently collaborated with the
United States Secret Service and is currently working with the FBI.
He said:

    "Tether is grateful for the opportunity to address the concerns
    raised by U.S. lawmakers, and we are committed to continuing
    Tether's close work with law enforcement in the U.S. and
    globally. Tether seeks to be a world class partner to the U.S. as
    we continue to assist law enforcement and expand dollar hegemony
    globally."

The letters, addressed to Senator Cynthia Lummis, a supportive figure
for cryptocurrencies in the Senate, were also sent to the chairs and
ranking members of the aforementioned committees.

Tether's decision to publish these letters aims to highlight its
commitment to ensuring the security and integrity of its stablecoin.
This comes after Tether announced its new policy to enhance
collaboration with regulators, and recently helped the U.S.
Department of the Treasury to freeze the wallets of OFAC-sanctioned
individuals.

Let us know what you loved about this article, what could be
improved, or share any other feedback by filling out this short form.

[20231206142151727]
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