US senator urges Treasury and DOJ to investigate Tether over Iran-linked USDT

Crypto Insight Summary: US authorities are expanding the investigation of the crypto system that Iran is reportedly using to transfer money, now putting Tether at the center of the issue. On September 28, Senator Richard Blumenthal of the Senate Permanent Subcommittee on Investigations (PSI) called on the Treasury and Justice Department to look further into Tether. The company... Crypto Insight Analysis: Direction: Bearish USDT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory scrutiny on Tether could cause temporary market uncertainty.