Tether, the organization responsible for the stablecoin, has disclosed letters dispatched to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, as well as the U.S. House Financial Services Committee, emphasizing its unwavering commitment to security and close cooperation with law enforcement entities. In the most recent communication, Tether CEO Paolo Ardoino underscored the company’s proactive initiatives, which include the deactivation of Tether tokens in wallets identified by the Office of Foreign Assets and Controls (OFAC) sanctions.
Ardoino highlighted Tether’s cooperation with law enforcement, asserting its assistance in freezing 326 wallets controlling 435 million USDT in collaboration with the Department of Justice, U.S. Secret Service, and Federal Bureau of Investigation (FBI). Despite apparent discrepancies in the reported token quantities, Tether claims its actions align with regulatory objectives.
In a significant announcement, Ardoino revealed Tether’s recent onboarding of the United States Secret Service onto its platform, with plans underway for a similar integration with the FBI. The letters, addressed to Senator Cynthia Lummis and relevant committee chairs, underscore Tether’s commitment to fostering a secure environment and its willingness to collaborate closely with law enforcement agencies.
