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Tether CEO Defends Against Senate Investigation
Tether's CEO, Paolo Ardoino, has responded to a report by the Senate Permanent Subcommittee on Investigations accusing the stablecoin firm of providing a financial lifeline to Iran. Ardoino argues that Tether has been proactive in freezing suspicious transactions, leading to a 94% decline in Iran-linked stablecoin volumes. He also criticized the senator's report, stating that it was released to the media before Tether could review it.