Tether Scandal: Chinese Authorities Uncover Alleged $2B USDT Money Laundering Operation | Bitcoinist.com

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Crypto, Crypto News, Crypto regulation, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Tether, Tether CEO, Tether freeze, Tether news, Tether USD

Chinese law enforcement agencies have announced a breakthrough in their fight against illegal financial activities. They have dismantled a large underground banking gang allegedly involved in facilitating illegal transactions using Tether’s USDT stablecoin.  The operation spans multiple provinces and is believed to have enabled over $2 billion worth of illicit USDT transactions.  193 Suspects Arrested […]

Coin Center Opposes “Unconsititutional” Stablecoin Bill

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Coin Center, Cynthia Lummis, Kirsten Gillibrand, Lummis-Gillibrand, Payment Stablecoin Act, Stablecoin, Tether USD

Pro-crypto organization Coin Center is pushing against a new legislative bill targeted at regulating stablecoin use and operations. In a public statement released on Friday, the US-based advocacy group heavily criticized the Lummis-Gillibrand Payment Stablecoin Act, describing it as “unconstitutional” and anti-innovation. Latest Stablecoin Bill Is Bad Policy: Coin Center On Wednesday, senators Kirsten Gillibrand […]