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NewsBTC 2022-11-01 01:46:22

DoJ Reportedly Eyes USDT Once Again; Tether Responds

It’s a tale as old as time: the Department of Justice investigating Tether and USDT. It’s been reported far and wide, and for years on end, with speculation throughout. We’re back again as 2022 comes to a close, this time courtesy of a new report from Bloomberg. Let’s take a look at what’s being reported, and Tether’s response. Bloomberg’s Latest Report On Tether On a Bloomberg Crypto Report live broadcast on Monday afternoon, paired with a published piece released earlier in the day, the outlet reported that the U.S. Department of Justice (DoJ) was revamping investigations into potential bank fraud allegations against Tether. According to Bloomberg, officials have pumped new life into the investigations, including handing the case over to Manhattan-based US Attorney Damian Williams, who Bloomberg describes as one of the most aggressive crypto prosecutors – to the degree that he even “recently secured a guilty plea from a person affiliated with one of Tether’s payment processors.” Reports have swirled around the DoJ and Tether for nearly half a decade, and shouldn’t catch anyone by surprise at this point. However, the response from the stablecoin doesn’t simply deny the Bloomberg report – it frames it as flat out false. USDT's market cap dominance has floated between 5-10% for most of this year. | Source: CRYPTOCAP: USDT on TradingView.com Relat...