Tether has denied recent allegations from the Wall Street Journal (WSJ) suggesting it’s under investigation by U.S. authorities for anti-money laundering violations. Tether called the claims “pure speculation,” arguing that no formal confirmation or official sources support the WSJ’s report.

Criticism and Calls for Transparency

In response to the allegations, Tether’s CEO Paolo Ardoino reassured the public about Tether’s financial stability, citing its $100 billion in U.S. Treasuries and other reserves. Although the WSJ report did not accuse Tether of reserve mismanagement, calls for an audit have intensified, especially from consumer advocacy groups concerned about Tether’s transparency.

Tether’s Proactive Approach

To address regulatory concerns, Tether recently hired Jesse Spiro, a former PayPal executive, to lead its government relations efforts. Tether also emphasized its cooperation with law enforcement, highlighting its steps to block suspicious wallets linked to illegal activities.
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