Tether's CEO, Paolo Ardoino, dismissed claims of an investigation by the U.S. government regarding potential violations of sanctions and anti-money-laundering laws. In a tweet, Ardoino stated there was 'no indication' of an investigation, labeling the report from The Wall Street Journal as 'old noise.' The WSJ cited unnamed sources indicating investigations of Tether concerning potential criminal activity. Ardoino emphasized the importance of accurate reporting, criticizing the WSJ for not confirming details with official sources, and stressing Tether's cooperation with law enforcement to combat misuse of its services. Tether, a leading stablecoin issuer, has a market cap of $120 billion and is a key tool for traders in the cryptocurrency market. The controversies surrounding Tether mainly revolve around its reserve confirmations, which are frequently scrutinized despite periodic attestations.

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