fbiUSDT. One person can definitely change an entire atmosphere. Just look at how the sensational and admired Sam Bankman-Fried found himself pilloried by the very people who made him a model a few months earlier. A rule that also applies to already controversial players in the cryptocurrency sector. Because in the field, the company Tether and its stablecoin USDT are at the forefront, even more so since recent nameination of Paolo Ardoino as CEO. And this is clearly not going to get better following the announcement of the integration of the FBI and the secret services into its platform…
Tether wants to fight against the illicit use of USDT
The recent appointment of Paolo Ardoino at the head of the Tether company is accompanied by notable changes in its strategic developments. And clearly, it is the traditional finance camp that this emblematic player in the cryptocurrency sector is choosing.
It must be said that its operating model, between chronic opacity and criminal cases, aligns perfectly with the demands of this self-proclaimed real economy. And the trend seems to be confirmed through successive official announcements.
Because recently, the Tether company has committed to proactively freezing all wallets sanctioned by the Office of Foreign Assets Control (OFAC) services. But that apparently wasn’t enough to curry favor with senior U.S. officials and policymakers. So why not integrate the FBI and the Secret Service to this change of course initiated?
Tether vs money laundering
At the end of the year, the Tether company is active in the field of regulation of the cryptocurrency sector. A field in which she seems to want to enter in a very offensive way. With a profession of faith sent in the form of letters to Senator Cynthia Lummis and House Member French Hill.
Documents in which the giant of the stablecoin sector indicates its desire to work closely with the United States secret services. An operation also in progress for the FBI. This is in order to combat money laundering that even this latter agency considered completely stockings last November. But the effects of the announcement are always better than the truth of the facts.
At the same time, Paolo Ardoino welcomes the freezing of 435 million USDT in connection with sanctions issued by OFAC. An organization however presented by Julien Assange in person like a formidable economic weapon of war in the hands of the United States Treasury. But that’s obviously another debate.
The Tether company will therefore playing the game of criminalization of the cryptocurrency sector. This is part of a repressive policy, remotely guided by the United States, which concerns practices that are nevertheless considered anecdotal in all serious reports published on the subject. Or how to turn your back on your ecosystem to try to please your new friends.