Breaking: Tether CEO Reacts to Report of US Government Crackdown

Tether CEO Paolo Ardoino has already commented on the market-moving WSJ report

Cover image via U.Today

Tether CEO Paolo Ardoino has reacted to a bombshell Wall Street Journal report of a criminal probe into his company.

In his social media post, Ardoino has accused the WSJ of "regurgitating old noise," claiming that there is "no indication" that the flagship stablecoin issuer is being investigated by the U.S. government.

As reported by U.Today, the Bitcoin price briefly collapsed below the $66,000 level on the news.

However, it has since managed to pare most of its losses following Ardoino's reassuring statement. It is currently changing hands at $67,460, according to CoinGecko data.

The largest cryptocurrency is now down only a mere 0.4% over the past 24 hours.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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Breaking: Tether CEO Reacts to Report of US Government Crackdown

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