<ul class="wp-block-list">
 <li>Tether CEO denies federal investigation claims, stressing strong cooperation with law enforcement.</li>  
 <li>Ardoino asserts Tether’s compliance, countering claims of alleged ties to sanctioned entities.</li>  
 <li>Tether’s expansion plans face scrutiny as transparency concerns persist amid regulatory pressure.</li> 
</ul>  
<p>Tether’s CEO, Paolo Ardoino has responded to the recent claims stating that there is no US investigation against the company. He <a href="https://x.com/paoloardoino/status/1849930663278833822" target="_blank" rel="noopener noreferrer nofollow">responded</a> on social media platform X, calling the claims old noise and irresponsible.&nbsp;</p>  
<p>Ardoino insisted that Tether cooperates fully with law enforcement. He stated that Tether actively assists authorities in identifying cybercriminals and fraudsters who attempt to misuse its USDT stablecoin.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Tether_to/status/1849902394139709768
 </div>
</figure>  
<p>According to Ardoino, no evidence supports these allegations of a federal probe. He emphasized that Tether regularly communicates with law enforcement and would be aware of any formal investigation.&nbsp;</p>  
<p>Ardoino’s statements aimed to counter a Wall Street Journal <a href="https://www.wsj.com/finance/currencies/federal-investigators-probe-cryptocurrency-firm-tether-a13804e5" target="_blank" rel="noopener noreferrer nofollow">report</a>, which cited unnamed sources claiming Tether’s platform might have indirectly aided sanctioned entities.&nbsp;</p>  
<p>These alleged connections included ties to Russian arms dealers and extremist organizations. Nevertheless, Ardoino rejected any participation, emphasizing Tether's adherence to U.S. regulations.</p>  
<h2 class="wp-block-heading" id="h-transparency-concerns-resurface-despite-ceo-s-denial"><strong>Transparency Concerns Resurface Despite CEO’s Denial</strong></h2>  
<p>Despite Ardoino’s firm response, concerns about Tether’s financial transparency persist. Critics have long been questioning if Tether has enough reserves to back USDT in a 1:1 ratio with the US dollar.</p>  
<p>Furthermore, a recent <a href="https://tetherwarning.com/wp-content/uploads/2024/09/Letter-to-Governors-on-Tether-1.pdf" target="_blank" rel="noopener noreferrer nofollow">report</a> from Consumers’ Research indicated that Tether does not have a full audit, causing concerns regarding its financial security.</p>  
<p>Ardoino rejected these claims, affirming Tether’s compliance and transparency practices. However, questions continue, especially regarding Tether’s operations in countries like Russia and Venezuela.</p>  
<h2 class="wp-block-heading" id="h-tether-s-expansion-plans-face-regulatory-uncertainty"><strong>Tether’s Expansion Plans Face Regulatory Uncertainty</strong></h2>  
<p>Meanwhile, Tether plans to expand, exploring new markets such as commodities. Recently, the company partnered with the Tron network to launch the <a href="https://cryptonewsland.com/tether-tron-and-trm-labs-launch-unit-to-combat-crypto-crime-on-tron-network/" target="_blank" rel="noopener noreferrer nofollow">T3 Financial Crime Unit</a>. This unit aims to strengthen cybersecurity and address illicit financial activities.&nbsp;</p>  
<p>However, the U.S. Treasury may consider sanctions if further evidence ties Tether to sanctioned groups. Such sanctions would impact Tether’s operations in the U.S. and possibly hinder its global influence.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/tether-ceo-paolo-ardoino-denies-allegations-of-sanction-evasion/" rel="noopener noreferrer nofollow">Tether CEO Paolo Ardoino Denies Allegations of Sanction Evasion and Money Laundering Amid WSJ Report</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Tether CEO Paolo Ardoino Denies Allegations of Sanction Evasion and Money Laundering Amid WSJ Report

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