The issuers of USDT and USD coin 'have become critical partners of law enforcement seeking to trace and freeze illicit proceeds in real time before bad actors cash out and reap the rewards of their crimes,' says jasonweinstein6 SteptoeLLP. Opinion.
Jason Weinstein is the Director of the Blockchain Alliance and the co-chair of both the Blockchain and Cryptocurrency group and the Investigations and White Collar group at Steptoe. He is a former Assistant U.S. Attorney and former Deputy Assistant Attorney General in the DOJ Criminal Division.
Jason Weinstein is the director of the Blockchain Alliance and the co-chair of both the Blockchain and Cryptocurrency group and the Investigations and White Collar group at Steptoe. The founding ethos of cryptocurrency was that the flow of money should be unstoppable. However, like other responsible participants in this ecosystem, Tether will intervene in response to valid law enforcement requests in order to combat criminal activity. As just one example, in the past few months Tether has implemented approximately two dozen freezes totaling tens of millions of USDT at the request of U.S.
Tether’s and Circle’s commitment to support law enforcement while protecting users and their privacy is nothing new. Since 2015, I have had the privilege of leading the Blockchain Alliance, a nonprofit public-private partnership co-founded by the Chamber of Digital Commerce and Coin Center. The Alliance is made up of more than 150 participating digital asset companies and government agencies in the U.S.
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