Freeze it, then unfreeze it, without even giving an explanation—what kind of law enforcement is that? THORChain technical co-founder Chad Barraford says Tether temporarily froze a USDT treasury, then unfroze it. No one explained why or told the owners of those addresses what they should do.
This week, the U.S. Treasury plans to seize $1 billion in crypto assets linked to Iran, Treasury Secretary Scott Bessent said himself. Senator Richard Blumenthal is also pressing Cantor Fitzgerald and Tether about their relationship, and asking Commerce Secretary Howard Lutnick how much his family made from the deal. Stablecoin issuers and exchanges are now on the front lines of sanctions enforcement.
I’m watching this not because of Iran, but because of ordinary holders: What gives you the right to freeze someone’s address? For how long? Who has the authority to unfreeze it? No one has answers. $USDT $BTC
This week, the U.S. Treasury plans to seize $1 billion in crypto assets linked to Iran, Treasury Secretary Scott Bessent said himself. Senator Richard Blumenthal is also pressing Cantor Fitzgerald and Tether about their relationship, and asking Commerce Secretary Howard Lutnick how much his family made from the deal. Stablecoin issuers and exchanges are now on the front lines of sanctions enforcement.
I’m watching this not because of Iran, but because of ordinary holders: What gives you the right to freeze someone’s address? For how long? Who has the authority to unfreeze it? No one has answers. $USDT $BTC