August 24, 2022

Tether ignores Treasury’s sanction of Tornado Cash, says freezing some accounts could be ‘reckless’

Featuring Yaya J. Fanusie

Source: Fortune

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.

Authors

  • Yaya J. Fanusie

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Yaya J. Fanusie is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). His research focuses on the national security implications of cryptocurrencies an...