The US Department of Justice announced that it would officially announce the sanction steps towards the growing crypto money sector today. This important announcement will take place at 23:00 Turkish time.
According to the last-minute announcement, the US government announced that it decided to freeze approximately 9 million dollars worth of USDT (Tether).
This official announcement in the US, will take place with the participation of Attorney General Merrick Garland, Deputy Attorney General Lisa Monaco, Treasury Secretary Janet Yellen, and Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam for the first time.
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This process is believed to increase the awareness of regulations towards the crypto money sector and raise the bar in combating illicit activities. Authorities said that these steps are specifically aimed at preventing illegal transactions through crypto-currencies and increasing the capacity to combat potential crimes.
A prominent component of the regulations will be the freezing of approximately 9 million dollars worth of USDT. Tether (USDT) is the world’s largest stable crypto-currency, and this move demonstrates the US government’s commitment to prevent the use of cryptocurrencies in crime-related activities.