Senator Richard Blumenthal has called on the U.S. Treasury and Justice Departments to investigate Tether's compliance with sanctions and anti-money laundering rules after a Senate analysis found heavy use of Tether's USDT stablecoin among wallets linked to Iran and its proxies. The analysis covered transactions from 2021 to 2026 and revealed that 84% of these wallets transacted predominantly in USDT, including sanctioned Iranian oil smugglers moving over $600 million. While Tether denies wrongdoing and highlights cooperation with law enforcement, the senator's inquiry seeks clarity on any ongoing investigations and compliance measures. This scrutiny could impact regulatory oversight of stablecoins and crypto firms tied to sanctioned entities.
The story on Senator Blumenthal's call for investigations into Tether comes as Pluang's market breadth shows 24 of 50 major cryptocurrencies rose while 25 fell. Notable movers include COTI with a price of Rp244 and a 1-day change of -3.31%, UNI at Rp154.755 down 3.26%, and SAND priced at Rp1.170 with a 3.16% decline. This snapshot is as of Oct 07, 2026 01:12 WIB.
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