WASHINGTON, Oct. 2 -- Sen. Richard Blumenthal issued text of the following press release:
Slamming Lutnick-Linked Crypto Firm Propping Up Iran's Shadow Banking System
[WASHINGTON, D.C.] - U.S. Senator Richard Blumenthal (D-CT), Ranking Member of the Senate Permanent Subcommittee on Investigations (PSI), 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...