Tether CEO Reacts to Report of US Government Crackdown

Tether CEO Paolo Ardoino has responded to a surprising report from the Wall Avenue Journal a couple of felony investigation into his firm.

In his social media put up, Ardoino has accused the WSJ of “elevating previous noise,” claiming there may be “no indication” the flagship stablecoin issuer is beneath investigation by the US authorities.

As reported by U.At the moment, the Bitcoin value briefly plunged beneath the $66,000 stage on the information.

Nonetheless, the corporate has since managed to get better most of its losses, following Ardoino’s reassuring assertion. In keeping with CoinGecko information, it’s at present altering palms for $67,460.

The most important cryptocurrency is down simply 0.4% previously 24 hours.