Tether CEO Paolo Ardoino has publicly denied allegations from a Wall Street Journal report claiming that the U.S. government is investigating the stablecoin issuer. In a tweet, Ardoino stated that there was 'no indication' of an investigation, describing the report as 'regurgitating old noise.' The initial article suggested that federal investigators were examining Tether for potential violations related to sanctions and anti-money laundering, particularly in the context of its use in criminal activities. Ardoino criticized the report for its lack of concrete evidence, calling it irresponsible and emphasizing Tether's commitment to compliance with law enforcement. Tether, which is the largest stablecoin by market cap, was previously involved in legal scrutiny by the New York Attorney General's office, which investigated claims about misleading statements regarding its reserves. Despite these past issues, Ardoino asserted that Tether has no current legal troubles and is committed to transparency and cooperation with authorities.

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