Tether CEO responds: There is no indication that Tether is being investigated

BlockBeats reported that on October 26, Tether CEO Paolo Ardoino responded to the FUD news by saying, "As we told the Wall Street Journal, there is no indication that Tether is being investigated. The Wall Street Journal is just repeating old news."

The Wall Street Journal previously published an article saying that the U.S. Treasury Department has considered imposing sanctions on Tether, the issuer of the stablecoin USDT. According to people familiar with the matter, the federal government is investigating whether the cryptocurrency company Tether may have violated sanctions and anti-money laundering regulations.