đą Crypto News:
đ Consumers' Research warns about Tether's lack of transparency in USD reserves. The group claims that Tether has not had a full audit from a reputable accounting firm, similar to the situation with FTX and Alameda Research before.
đ Open letter sent to all US state governors, with radio ads and a website detailing the allegations. Tether is accused of doing business with bad actors and failing to prevent the use of USDT to circumvent international sanctions.
đ Tether's response: Cantor Fitzgerald CEO Howard Lutnick asserts that Tether has sufficient reserves. Tether has also hired former Chainalysis chief economist Philip Gradwell to create a USDT usage report for regulators and investors.
đźââïž Tether partners with Tron to launch "T3 Financial Crime Unit" to detect and freeze illegal USDT transactions on the Tron network.
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