Stablecoin issuer Tether to provide FBI access to its platform
Tether, the issuer of the stablecoin USDT, is making arrangements to grant the Federal Bureau of Investigation (FBI) access to its platform. This move comes after Tether recently onboarded the U.S. Secret Service as part of its efforts to combat criminal activities in the crypto industry.
Tether’s commitment to supporting law enforcement
In a letter addressed to Senator Cynthia Lummis and Representative James French Hill, Tether CEO Paolo Ardoino emphasized the company’s commitment to assisting law enforcement agencies. He highlighted how Tether’s collaboration with the Office of Foreign Assets Control (OFAC) enabled them to freeze wallets associated with individuals on the government’s SDN list, demonstrating their proactive approach to security.
Tether’s mission to elevate the status of the US dollar
Ardoino stated that Tether is dedicated to working closely with law enforcement globally and expressed gratitude for the opportunity to address concerns raised by U.S. lawmakers. He also mentioned Tether’s goal of supporting law enforcement efforts and expanding the global dominance of the US dollar.
Hot Take: Tether strengthens ties with law enforcement agencies
Tether’s decision to provide access to its platform for law enforcement agencies like the FBI and U.S. Secret Service demonstrates its commitment to combating illegal activities in the crypto space. By collaborating with regulatory bodies like OFAC, Tether aims to enhance security measures and protect users from potential risks. These strategic partnerships not only contribute to maintaining a safe stablecoin ecosystem but also support Tether’s mission of promoting the US dollar globally.
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