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Tether CEO Pushes Back on Senate Report
Tether CEO Paolo Ardoino has pushed back on a U.S. Senate report accusing the stablecoin issuer of supporting Iran's shadow banking network. Ardoino claims the report leaves out key facts, such as the data behind the 94% figure, the period the drop covers, and whether it counts only USDT or all stablecoins. The report was published by Democratic staff of the Senate Permanent Subcommittee on Investigations and was produced by minority staff, not representing an official finding of wrongdoing.