News · Regulation & Policy
A Senate PSI report alleges 84% of sanctioned Iran-linked crypto wallets operated almost exclusively in USDT, calling for federal scrutiny of the stablecoin issuer.
Key point 1 of 3
01
A Senate PSI report found 84% of 846 Iran-linked sanctioned wallets transacted almost exclusively in Tether's USDT.
Key point 2 of 3
02
Senator Richard Blumenthal formally asked the Treasury and DOJ to probe Tether for potential BSA and sanctions violations.
Key point 3 of 3
03
The report highlighted that Cantor Fitzgerald holds a 5% equity stake in Tether as well as custody of over $100 billion in reserves.
Context
Cryptocurrency stablecoins have faced escalating scrutiny from US congressional committees over their vulnerability to exploitation by sanctioned entities, rogue states, and…
Why it matters
Tether faces heightened political pressure and the possibility of renewed enforcement actions from the Treasury and DOJ, which could introduce legal volatility for USDT liquidity…
What to watch
Responses from Treasury Secretary Scott Bessent and Attorney General Todd Blanche regarding whether formal interagency investigations will be initiated.
Sources
Built from 1 primary source, machine-checked before publication.
Keep reading
Read the full story
AI-generated, source-verified. Sources, citations and live prices on the article page.