WASHINGTON, Sept. 28 -- Sen. Richard Blumenthal issued text of the following press release:
[WASHINGTON, D.C.] - U.S. Senator Richard Blumenthal (D-CT), Ranking Member of the Senate Permanent Subcommittee on Investigations (PSI), today released a new report detailing how Tether and its dollar-pegged stablecoin (USDT) have become a significant financial lifeline within Iran's shadow banking network.
As part of its ongoing inquiry into the role of cryptocurrencies in illicit finance, PSI Democratic investigators conducted a forensic analysis of blockchain transaction data from 846 unique cryptocurrency wallets that have been sanctioned or targeted for seizure due to their association with Iran and its regional proxies. This analysis shows t...