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What's going on, guys? It is Monday, October 28th, and today we are exploring whether the government is investigating tether.

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Hello, friends. Happy Monday. Well, according to a new report from the Wall Street Journal,

government authorities are investigating tether. The article claims the DOJ prosecutors based

out of the Southern District of New York, but of course, are investigating the stable

coin issuer on criminal charges. They are reportedly looking at possible

sanctions violations and breach of anti-money laundering rules. Simultaneously, the journal reports

that the Treasury Department is considering applying sanctions to tether. The allegations are

broadly a collection of the worst claims we've seen about tether in recent years, namely that

the stable coin is widely used by terrorist organizations

and Russian arms dealers. Now let's caveat this whole thing by noting that Tether FUD is one of the

longest standing fuds in the entire crypto industry. Effectively since the beginning of time,

there have been a never-ending stream of reports, and certainly for Tether's part, they've been

very vocal about how

much more integrated with law enforcement they are. Indeed, that's the part that's maybe a little

bit hard to reconcile here. These are not reports about how Tether was six years ago, but a

current investigation. And regardless of what one thinks of the claims, the reason it's worth

looking into at least this reporting a little bit more is that this contains far more details than usual about the

departments conducting the investigation and where they are in the process. It's reminiscent,

...