Tether’s Ardoino Challenges Senate Iran Report, Claims Early Wallet Freezes

TL;DR Tether CEO Paolo Ardoino says the company froze sanctioned addresses an average of four weeks before official designations since 2023. Senate investigators examined 846 Iran-linked wallets and found that 84% used USDT exclusively or almost exclusively . The dispute centers on enforcement timelines, with Tether defending its cooperation with authorities while lawmakers seek investigations into potential sanctions and anti-money-laundering violations . Tether CEO Paolo Ardoino has challenged a US Senate report questioning the stablecoin issuer’s handling of Iran-linked wallets, arguing that the company acted before official sanctions announcements in many cases. His response puts the timing of blockchain enforcement under scrutiny as regulators assess how effectively crypto companies prevent illicit financial activity.

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