August 24, 2022
Tether ignores Treasury’s sanction of Tornado Cash, says freezing some accounts could be ‘reckless’
Journalist Leo Schwartz
In addition to Ethereum, some of those wallets held two different stablecoins: USDC, associated with the company Circle Internet Financial, and Tether. According to Yaya Fanusie, an adjunct senior fellow focused on blockchain technology at the Center for a New American Security, the presence of the stablecoins created a clear compliance responsibility for Tether and Circle.
“They have to take some action,” he told Fortune. “[They’re] central issuers, so [they] need to control it.”
Read the full article from Fortune.