As a seasoned analyst with over two decades of experience in financial markets, I have learned to take such statements with a grain of salt. While Tether’s CEO Paolo Ardoino may dismiss the Wall Street Journal report as “regurgitating old noise,” it is important to remember that the U.S. government does not typically announce ongoing investigations publicly.
In response to the explosive Wall Street Journal article suggesting an ongoing criminal investigation into his firm, Tether’s CEO, Paolo Ardoino, has spoken up.
In a recent social media update, Ardoino criticized the Wall Street Journal for repeating outdated allegations, asserting that he sees no evidence suggesting that the main stablecoin publisher is currently under investigation by the U.S. authorities.
As reported by U.Today, the Bitcoin price briefly collapsed below the $66,000 level on the news.
Nevertheless, after Ardoino’s comforting statement, it has largely recovered from its initial losses and is now being traded at approximately $67,460, as per the latest data from CoinGecko.
The largest cryptocurrency is now down only a mere 0.4% over the past 24 hours.
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2024-10-25 21:47