Tether Fined $41 Million by CFTC for Lying About Dollar Reserves Backing Stablecoin
The Commodity Futures Trading Commission ordered Tether Holdings Limited to pay a $41 million civil penalty for making untrue and misleading statements about the reserves backing its USDT stablecoin, the world’s largest stablecoin with over $69 billion in circulation. The CFTC found that from …
Tether Holdings Limited
CFTC
Dawn Stump
Bitfinex
Securities and Exchange Commission (SEC)
crypto
regulatory-capture
fraud
stablecoin
systemic-risk
+3 more
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