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Senate Report Claims Iran Is Using Tether's Stablecoin To Evade Sanctions

Cryptocurrency linked to crime; in other news: fork found in drawer.

Sources (1)· Sep 29, 3:29 PM

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Engadget· Sep 29, 3:29 PMSenate Report Claims Iran Is Using Tether's Stablecoin To Evade Sanctions

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Tether is a ‘lifeline’ for Iranian regime, Senate Dems say in new reportDemocrats on the Senate's Permanent Subcommittee on Intelligence published a report alleging that USDT had become a key tool for the Iranian government.

CoinDesk10d agoWhole story →

Economy iran sanctions evasion report

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Tether USDT aids Iran funding, Senate report saysBy Chandni ShahSept 28 (Reuters) - Tether's USDT stablecoin has become a "significant financial lifeline" for Iran and a tool for funding proxy organizations, including Hezbollah, according to a report led by Senate Democrats, published on Monday.Led by Senator Richard Blumenthal of Connecticut, the top Democrat on the Senate Permanent Subcommittee on…

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US Federal Reserve proposes new stablecoin rulesThe US Federal Reserve on Thursday proposed new rules for issuers of dollar-backed cryptocurrency tokens ‌known as stablecoins, as required by last year's GENIUS Act, which established a federal regulatory framework for the tokens.

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Fed proposes stablecoin rulesThe Federal Reserve proposed rules for stablecoin issuers Thursday, which would require issuers to back stablecoins with certain “high-quality, liquid assets”

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Fed Sets Out Stablecoin Rules Under GENIUS ActThe Federal Reserve proposed new capital, redemption and disclosure requirements for stablecoin issuers as it moves to implement the GENIUS Act.

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US Fight to Regulate Stablecoin Is a Tax and Economics ProblemThe Clarity Act isn’t a tax bill, but the different forms of stablecoin yield it distinguishes raise tax questions, Indiana University’s Vivian Fang writes.

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Abdul El-Sayed linked to socialists and DSA in Michigan Senate raceAbdul El-Sayed claims he is not a socialist, but the Michigan Senate candidate has ties to Bernie Sanders, Rashida Tlaib and the Democratic Socialists of America.

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Congress passes new sanctions on Russia and countries using Russian energyA bill to impose sweeping new sanctions on Russia, and on countries using Russian energy, is now on its way to President Trump after the House overwhelmingly passed it Wednesday night. Congress also took action this week on data centers, college sports and the Iran war. Capitol Hill correspondent Lisa Desjardins reports.

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