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CFTC orders Tether & Bitfinex to pay fines of $42.5M
Added at 10:55am
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CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million
The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited (d/b/a Tether) for making untrue or misleading statements and omissions of material fact in connection with the U.S. dollar tether token (USDT) stablecoin. The order requires Tether to pay a civil monetary penalty of $41 million and to cease and desist from any further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged. The CFTC today also issued a separate order simultaneously ... (full story)