USTreasury
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🌪 More good news for crypto and privacy advocates. The US Court of Appeals has ruled that the #OFAC (Office Of Foreign Assets Control) overstepped its authority by imposing sanctions on the crypto mixer #TornadoCash .
Back in 2022, the #USTreasury sanctioned Tornado Cash, alleging that it had been used to launder more than $7 billion worth of crypto. The new court decision now allows anyone with an internet connection to access the service.
Of course, we don't want criminals using crypto protocols, but completely blocking open-source technology isn't the solution.
Back in 2022, the #USTreasury sanctioned Tornado Cash, alleging that it had been used to launder more than $7 billion worth of crypto. The new court decision now allows anyone with an internet connection to access the service.
Of course, we don't want criminals using crypto protocols, but completely blocking open-source technology isn't the solution.
🪙 #Tether , the issuer of $USDT, has presented its latest financial report:
1️⃣ Tether holds 7100 $BTC .
2️⃣ The company's total assets in reserves now exceed $12.4 billion .
3️⃣ Tether's excess reserves have grown to over $6 billion .
4️⃣ Direct and indirect investment in #USTreasury bonds reached $102.5 billion .
5️⃣ Proprietary investments (through the Tether Investments division), which are not included in the reserves backing the stablecoins, now amount to $7.7 billion.
1️⃣ Tether holds 7100 $BTC .
2️⃣ The company's total assets in reserves now exceed $12.4 billion .
3️⃣ Tether's excess reserves have grown to over $6 billion .
4️⃣ Direct and indirect investment in #USTreasury bonds reached $102.5 billion .
5️⃣ Proprietary investments (through the Tether Investments division), which are not included in the reserves backing the stablecoins, now amount to $7.7 billion.