Tether CEO Paolo Ardoino has dismissed a report alleging that the company is being investigated by U.S. law enforcement for potential violations of sanctions and anti-money laundering regulations. In a tweet, Ardoino stated that there is 'no indication' that Tether is under investigation, characterizing the article from The Wall Street Journal as 'regurgitating old noise.' He emphasized that it is irresponsible to claim such allegations without confirmation from authorities. Tether, a leading stablecoin issuer, is often scrutinized due to concerns regarding the transparency of its asset backing and regulatory compliance. Despite the controversy, Tether remains a significant player in the cryptocurrency market, maintaining a market cap of approximately $120 billion. This incident highlights ongoing tensions in the regulatory landscape surrounding cryptocurrencies and stablecoins, as Tether has faced previous investigations related to its market practices.

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