Rumors have been circulating that Tether may be the subject of a federal investigation. 

The Wall Street Journal is alleging that the US government is investigating Tether. In an article published last week, citing unnamed sources, the Journal reported that federal investigators in Manhattan are looking into alleged anti-money laundering violations and whether illicit actors have used the cryptocurrency to fund illegal activities. 

Tether categorically denies the allegations. 

“It is wildly irresponsible for WSJ to write articles with reckless allegations with such certainty when no authorities have gone on the record to confirm these rumors, and no sources are named,” a…

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