The U.S. Treasury is considering sanctions against Tether

ChainCatcher news, the U.S. Treasury is considering sanctions against Tether. According to informed sources, the federal government is investigating the cryptocurrency company Tether for potential violations of sanctions and anti-money laundering regulations.

Prosecutors from the Manhattan U.S. Attorney's Office have launched a criminal investigation into whether Tether's cryptocurrency has been used by third parties to fund illegal activities such as drug trafficking, terrorism, and hacking, or to launder the proceeds from these activities.