WASHINGTON, June 4 -- Sen. Richard Blumenthal issued text of the following press release:
U.S. Senator Richard Blumenthal (D-CT), Ranking Member of the U.S. Senate Permanent Subcommittee on Investigations (PSI), today wrote to Tether Chief Executive Officer Paolo Ardoino demanding records and information related to Tether's apparent failure to prevent illicit use by sanctioned entities, terrorist organizations, and other money laundering schemes associated with Iran and Russia.
As Ranking Member of PSI, Blumenthal has led an inquiry (https://www.blumenthal.senate.gov/newsroom/press/release/blumenthal-opens-inquiry-after-new-reporting-reveals-binance-allowed-17-billion-in-money-laundering-to-iran-proxies-and-russias-shadow-fleet) into the ...