US Senator Blumenthal Calls Tether's USDT a 'Superhighway' for Iranian Sanctions Evasion
Blumenthal released a report on USDT use in Iran-linked transactions and asked federal officials to investigate Tether.

SOURCE CHECK
TAP FOR WHYCredibility rates Yahoo News, which republished this story. The other scores rate the article itself.
The article is attributed to Decrypt through its byline, while Yahoo News is the publishing platform. The reporting uses named sources and provides figures and regulatory context, but the available text does not establish the original newsroom’s corrections practices.
- Source type — Yahoo News is an established news platform, but this report is attributed to Decrypt.
- Author attribution — The article carries the identifiable byline Decrypt Agent.
- Transparency — It identifies the subcommittee report, describes its data sources and includes Tether’s public response.
The article gives specific figures, attributes the central claims to the subcommittee report, and includes Tether’s account of its enforcement cooperation. The company had not responded to the subcommittee’s June inquiry by publication, and the article does not include an independent assessment of the report’s findings.
HOW WE SCORE ↗The article presents the subcommittee’s allegations alongside Tether’s account of its cooperation with law enforcement and relevant Treasury actions. Tether’s response is not a direct response to the report’s findings, and the article does not provide an independent evaluation of either account.
- Counterarguments presented — Tether’s statement describes freezes and cooperation, though it does not address the subcommittee’s findings directly.
- Source diversity — The article draws on the report, Tether’s statement, a senator’s remarks and government actions.
- Omitted context — It does not independently assess the report’s methods or provide a detailed company response to its allegations.
The article primarily reports the subcommittee’s allegations and Blumenthal’s requests, while also presenting Tether’s response and relevant government actions. Its language is largely factual and attributed rather than overtly partisan.
- Language tone — The report uses largely neutral, attributed language, including for the senator’s critical description of USDT.
- Source selection — It includes claims from the subcommittee, a statement from Tether, and regulatory context.
- Framing — The focus is the report’s findings and the senator’s call for investigations, with no clear partisan endorsement.
Republished with credit
Republished from Decrypt, with credit to the original publisher.
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A report released by Sen. Richard Blumenthal says most Iran-linked cryptocurrency wallets it examined used Tether’s USDT and urges federal investigations into Tether’s compliance. Tether says it has frozen substantial funds in Iran-linked wallets and cooperates with law enforcement.
A report from Democratic staff on the Senate Permanent Subcommittee on Investigations says 84% of 846 cryptocurrency wallets sanctioned or targeted for seizure over links to Iran and regional proxies transacted exclusively or nearly exclusively in USDT. The report says two sanctioned Iranian oil smugglers moved more than $603 million in USDT through a network linked to Hizballah, the Houthis and Iranian financial institutions, and alleges Tether did not consistently freeze designated wallets before 2024. Blumenthal wrote to Treasury Secretary Scott Bessent and Attorney General Todd Blanche requesting investigations into Tether’s anti-money laundering and sanctions compliance.
Community verdict
18 VOTESPeople in this story
SWIPE →Senator who released a report and urged federal investigations of Tether
Attorney General asked by Blumenthal to investigate Tether
Commerce Secretary and former head of Cantor Fitzgerald
Treasury Secretary asked by Blumenthal to investigate Tether
Part of a bigger story
7 OUTLETSOutlets agree that Richard Blumenthal led a Senate report alleging Tether’s USDT was used in Iran-linked sanctions evasion. Blumenthal called for federal investigations. Left-leaning outlets connect the allegations to Tether’s ties involving Howard Lutnick and broader political or financing networks; center outlets focus on the report’s findings and Tether’s response.
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