Tether Faces Increased Scrutiny from U.S, Crypto Market Plummets
Fears of Tether facing U.S. scrutiny lead to a sharp decline in the cryptocurrency market.

Tether Under Us Scrutiny Market Plummets
According to the Wall Street Journal, U.S. federal investigators are scrutinizing Tether (USDT) over allegations of violating financial sanctions and anti-money laundering regulations.

Specifically, prosecutors at the Manhattan U.S. Attorney’s Office, part of the Department of Justice, are gathering evidence on the potential misuse of Tether by third parties to facilitate criminal activities such as drug trafficking, terrorism financing, cyberattacks, and money laundering related to these acts.