Senate Permanent Subcommittee on Investigations

Investigative subcommittee of the US Senate.

Current stories

investOne report1 publisher

Bessent says the US could seize $1 billion of Iran-linked crypto within a week

Scott Bessent said the US could seize up to $1 billion in Iran-linked crypto this week, nearly twice the $550 million Tether says it helped freeze this year. How much work falls on issuers and exchanges depends on whether that figure is new money or USDT already frozen at blocked addresses.

Publishers:cryptopolitan.com

Reality

Evidence40
Adoption: Insufficient
Hype gap+35
Incentives55
Confidence40

investConfirmed4 publishers

Blumenthal puts Cantor's Tether stake at $10 billion in a records demand to Brandon Lutnick

Senator Richard Blumenthal asked Brandon Lutnick, the Commerce Secretary's son, to explain Cantor Fitzgerald's ties to Tether, whose US reserves Cantor holds. Cointelegraph reported his estimate that the stake is worth $10 billion, a holding he can question now and could subpoena records on if Democrats take the Senate.

Publishers:coindesk.comcointelegraph.comcrypto.newscryptopolitan.com

Perspective Coverage

4 publishers

Builder: Builder 14%
Operator: Operator 45%
Investor: Investor 41%

Reality

Evidence55
Adoption: Insufficient
Hype gap+20
Incentives60
Confidence60

investOne report1 publisher

Senate report naming tether as Iran's liquidity rail raises sanctions risk for Gulf crypto firms

US Senate investigators have named tether a key source of liquidity for Iran's shadow banking network in a new subcommittee report. A Septten lawyer says Gulf merchants paid in local currency stay exposed, though licensed exchanges carry most of the screening work.

Publishers:news.bitcoin.com

Reality

Evidence38
Adoption: Insufficient
Hype gap+15
Incentives: Insufficient
Confidence35

investConfirmed8 publishers

Israeli designations supply most of the wallets in a Senate report's 84% Tether finding

Senate Democratic staff found 84% of 846 Iran-linked sanctioned wallets moved almost only in Tether's USDT. Most came from Israel's list, and any penalty rests with a Treasury and Justice Department that Senator Blumenthal says have enforced nothing.

Publishers:cointelegraph.comcrowdfundinsider.comcryptobriefing.comcryptotimes.iodecrypt.coengadget.comfinance.yahoo.comnews.bitcoin.com

Perspective Coverage

8 publishers

Builder: Builder 17%
Operator: Operator 41%
Investor: Investor 42%

Reality

Evidence60
Adoption75
Hype gap+30
Incentives72
Confidence62

investConfirmed2 publishers

Senate staff say $34.6 million left Hezbollah-linked wallets while Tether took nine months to freeze them

Senate staff say Tether froze 5 of 39 Hezbollah-linked wallets Israel named in 2023 while $34.6 million left the rest. Treasury and the Justice Department can act on that freeze record more readily than on the report's 84% USDT share when they answer Blumenthal by Oct. 9.

Publishers:cryptopolitan.comunchainedcrypto.com

Reality

Evidence55
Adoption: Insufficient
Hype gap+20
Incentives60
Confidence55