Tether Commits to Security and Law Enforcement Cooperation
Tether (USDT), the company behind the UST stablecoin, has released letters addressed to the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee. These letters highlight Tether’s dedication to security and its close working relationships with law enforcement.
Tether’s Efforts to Enhance Security
In one of the letters, Tether CEO Paolo Ardoino emphasized the company’s recent decision to disable Tether tokens in all wallets on the Office of Foreign Assets and Controls (OFAC) sanction list. Additionally, Tether claims to have assisted the Department of Justice, U.S. Secret Service, and Federal Bureau of Investigation (FBI) in freezing 326 wallets that control 435 million UST. However, it appears that the number of frozen tokens is lower than stated.
Collaboration with Law Enforcement Agencies
Ardoino also revealed that Tether has onboarded the United States Secret Service onto its platform and is in the process of doing the same for the FBI.
Letters Addressed to Crypto-Friendly Figures
The letters were sent to Senator Cynthia Lummis, who is known for her positive stance on cryptocurrency in the Senate. They were also sent to the chairs and ranking members of the relevant committees.
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