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Tether: Senator's investigation misses positive work that's led to lower Iran volumes

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Photo credit : Tether CEO Paolo Ardoino on stage at Cantor Fitzgerald's event in New York (Helene Braun/CoinDesk)

Skip to main contentCrypto NewsOct 19, 2026, 4:21 p.m. EDT2 min readTether CEO Paolo Ardoino suggests Senator Richard Blumenthal was fair in his probe of Iran transactions. (Helene Braun/CoinDesk)SummaryTether CEO Paulo Ardoino posted on X that his company is often way ahead of government sanctions when it freezes suspicious transactions — a point he contends a recent report from Senate Democrats ignored. He said he's confident Tether is "doing the right thing. "Tether is answering back against a report issued last month by Democrats on the Senate Permanent Subcommittee on Investigations that had accused the stablecoin firm of providing "a significant financial lifeline within Iran's shadow banking network," with Tether CEO Paulo Ardoino saying Monday that the probe missed the positive work it's doing to observe sanctions. Senator Richard Blumenthal, the subcommittee's top Democrat, led the effort, which further highlighted Democratic lawmakers' concerns that crypto is used to support illicit finance. But Ardoino contends that Tether freezes suspicious transactions well before entities such as the U. S.

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