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According to Cointelegraph: The crypto market faced a wave of uncertainty following an exclusive report by The Wall Street Journal on October 25, suggesting ongoing U.S. government investigations into Tether, the stablecoin issuer behind USDT. The report claimed that the U.S. Department of Justice and Treasury Department are scrutinizing Tether over potential illicit use of its stablecoin, including allegations of facilitation in illegal financing activities. In response, Tether CEO Paolo Ardoino dismissed the report as “old noise” aimed at spreading unfounded fears.