Tether's Ardoino disputes Blumenthal report on Iran sanctions timing
Tether’s CEO Paolo Ardoino has rejected a Senate Democrat’s findings on the company’s Iran compliance. Senator Richard Blumenthal had asked the Treasury and Justice departments to investigate whether Tether broke sanctions law. How is Tether linked to Iran? Paolo Ardoino, the CEO of Tether, wrote on X today that the…
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Sanctions
Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.
Sanctions are used to pressure governments without military action, with costs for both sides.
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