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Morning Edition · Tuesday, September 29, 2026Published at 1:41 AM EDT · New York
Senate Democrats Call Tether's USDT a Financial Lifeline for Iran and Ask Treasury to Investigate
Minority staff reviewed 846 sanctioned wallets and found 84 percent transacted in USDT, while Tether points to $550 million it has frozen.
Democratic staff on the Senate Permanent Subcommittee on Investigations, led by Senator Richard Blumenthal of Connecticut, published a preliminary report on September 28 arguing that Tether's USDT has become central to Iran's mechanisms for…
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States Turn Crypto Rails Into Sanctions Instruments
Governments increasingly track, freeze, and seize on-chain assets to enforce sanctions, turning traceable ledgers and centrally controlled stablecoins into extensions of financial statecraft rather than escapes from it.
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