A coalition of US lawmakers penned a letter to top government officials on April 28 expressing urgent concern over the use of digital currencies like Tether (USDT) by countries such as Russia, Iran, and North Korea to bypass international sanctions.
The letter, signed by Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan), was addressed to Secretary of Defense Lloyd Austin, Secretary of the Treasury Janet Yellen, Under Secretary for Terrorism and Financial Intelligence Brian Nelson, Director of the Financial Crimes Enforcement Network Andrea Gacki, and National Security Advisor Jake Sullivan.
The lawmakers highlighted recent reports, including a detailed Wall Street Journal article that claimed the stablecoin Tether has become crucial to Russia’s military operations, facilitating transactions despite sanctions and global financial restrictions.
The urgency conveyed in the letter reflects a growing consensus among U.S. leaders that the regulatory framework surrounding crypt
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