US Senator Blumenthal Calls Tether's USDT a 'Superhighway' for Iranian Sanctions Evasion

What happened

The Connecticut Senator's subcommittee released its report on Monday and referred the findings to Treasury and the Justice Department. Decrypt News Law and Order US Senator Blumenthal Calls Tether's USDT a 'Superhighway' for Iranian Sanctions Evasion The Connecticut Senator's subcommittee released its report on Monday and referred the findings to Treasury and the Justice Department.

They found 84% transacted exclusively, or nearly exclusively, in Tether's USDT. Of 846 cryptocurrency wallets sanctioned or targeted for seizure over links to Iran and its regional proxies, 84% transacted exclusively or nearly exclusively in Tether's USDT stablecoin , according to a report released by Senator Richard Blumenthal (D-CT).

In brief Democratic staff on the Senate Permanent Subcommittee on Investigations analyzed 846 sanctioned wallets tied to Iran and its proxies. Tether published a statement the same day citing $550 million of Iran-linked freezes this year, without addressing the report. The report , titled "Tethered to Terrorism," comes from Democratic staff on the Senate Permanent Subcommittee on Investigations, where Blumenthal is ranking member.

Key facts

• The Connecticut Senator's subcommittee — released: its report on Monday and referred the findings to Treasury and the Justice Department