Tether CEO Paolo Ardoino emphasized the company’s cooperation with the United States in a letter to the Senate.
Tether, the company behind the USDT stablecoin, has announced its commitment to security and close partnership with law enforcement. The company made public letters sent to the U.S. Senate Banking, Housing and Urban Affairs Committee and the U.S. House of Representatives Financial Services Committee.
The letters were sent to Senator Cynthia Lummis, a prominent cryptocurrency advocate in the Senate, and the chairs and ranking members of the aforementioned committees, outlining the latest security measures of Tether.
The company’s recently appointed CEO, Paolo Ardoino, highlighted the company’s decision to decommission the Tether token in all wallets on the Office of Asset Control sanctions list. Overseas (OFAC).
Tether claims to have assisted the Department of Justice, the US Secret Service, and the Federal Bureau of Investigation (FBI) in freezing 326 wallets controlling 435 million USDT.
Ardoino announced that Tether “recently brought the US Secret Service onto their platform and is in the process of doing the same with the FBI”.< /span>
Tether also issued interesting statements: “Tether is grateful for the opportunity to address the concerns raised by US lawmakers and we is committed to continuing to work closely with law enforcement in the United States and globally. Tether aims to be a world-class partner to the United States as it continues to support law enforcement and expand dollar hegemony globally.”