According to the Wall Street Journal, the U.S. Department of Justice is investigating whether the cryptocurrency company Tether has violated sanctions and anti-money laundering rules. At the same time, the U.S. Treasury Department has been considering sanctioning Tether, as the currency is widely used by individuals and entities under U.S. sanctions.
Tether CEO Paolo Ardoino responded by saying: As we told The Wall Street Journal, there is no indication that Tether is under investigation. The Wall Street Journal is just rehashing old news.
