Tether CEO Paolo Ardoino has rejected claims that the stablecoin issuer is under investigation by the U.S. government, responding to a Wall Street Journal report suggesting potential violations of sanctions and anti-money-laundering laws. In a tweet, Ardoino asserted that there was 'no indication' of such an investigation and criticized the WSJ for recycling old information. He pointed out the irresponsibility of the article, which alleged that Tether may have been involved in criminal activities, including drug trafficking. A spokesperson for Tether echoed these sentiments, calling the report speculative and highlighting the company's cooperation with law enforcement to prevent misuse of its cryptocurrency. Tether operates USDT, which is pegged to the U.S. dollar and boasts a market cap of $120 billion. The company has faced scrutiny in the past over its reserves, yet maintains transparency through regular attestations.

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