Search results for Senate Permanent Subcommittee on Investigations
Crypto
U.S. Senate report says 84 percent of Iran-linked sanctioned wallets mainly used Tether\'s USDT
Democrats on a U.S. Senate investigations subcommittee said many crypto wallets designated for sanctions or seizure tied to Iran and affiliated forces used Tether’s stablecoin USDT. The panel analysed 846 wallets and found 84 percent used USDT exclusively or mainly. The report also cited large transaction volumes and alleged links to groups and networks. Tether said it works with U.S. authorities and has frozen assets tied to Iran-linked wallets.
Crypto
New York attorney general warns CLARITY Act could weaken state crypto enforcement powers
New York Attorney General Letitia James (레티샤 제임스) raised strong concerns that a crypto market-structure bill being discussed in the U.S. Congress could weaken state oversight and enforcement powers. In written testimony submitted to a Senate panel, she said the Digital Asset Market CLARITY Act could effectively neutralise state regulation and concentrate authority in the Commodity Futures Trading Commission. She urged keeping state powers for fraud investigations and consumer protection, citing rising complaints and reported losses of about $500 million.
Crypto
Trump\'s crypto empire: Policy, business and investment interests entangled
U.S. President Donald Trump has wide-ranging interests across digital assets, including a personal wallet, the WLFI DeFi platform, memecoins tied to the Trump family name and bitcoin holdings strategies by Trump Media and Technology Group. Data cited in the article point to steep price declines in Trump-linked tokens and scrutiny by the Senate Permanent Subcommittee on Investigations. Critics also raise concerns over token structures, foreign investment and potential conflicts of interest alongside pro-crypto policy moves.