Tether is drawing heat from law enforcement. But it has a new friend in the White House

Q: How long will it take to read this news story?

The story "Tether is drawing heat from law enforcement. But it has a new friend in the White House" has 1716 words across 51 sentences, which will take approximately 8 - 15 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Tether is drawing heat from law enforcement. But it has a new friend in the White House" was covered 2 weeks ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 5 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24347284</li><li>URL: https://beamstart.com/news/tether-is-drawing-heat-from-17338945143225</li></ul>

Financial Times 2w ago

Tether is drawing heat from law enforcement. But it has a new friend in the White House - Financial Times

Quick Summary:

Lutnick, whose brother died in the Twin Tower attacks, has railed against the idea that Tether is responsible for financing terrorism.“We would never ever be associated with a company that had anything to do with jihad,” he told the audience in Nashville.

Last year Hamas’ Al-Qassam Brigades stopped accepting donations in cryptocurrency, saying that it had become too easy for governments to find and prosecute donors.“The FBI and other law enforcement has vastly improved its ability to figure these things out,” said Josh Naftalis, a former US federal prosecutor.“The reality is that law enforcement is able to look at the blockchain and generally figure out who’s transacting.

Recent law enforcement operations in the US, EU and UK have also shown tether being also used by the US-sanctioned Irish crime family the Kinahan cartel — which has been linked to multiple contract killings — as well as by Iran’s Revolutionary Guards, Hamas and Hizbollah.