There is a hot development regarding Tether and Binance. The cryptocurrency world is looking at the next steps after this hot development. Accordingly, a group of US lawmakers have called the Ministry of Justice. Let’s look at the details.
Call for Tether and Binance
The development is based on lawmakers’ call for an investigation into Binance and Tether. Accordingly, the claim is about whether Hamas was helped or not. This situation is requested to be investigated. The letter was written by a senator and a representative. Accordingly, Senator Cynthia Lummis and Representative French Hill state in the letter that cryptocurrency exchanges have been intermediaries in illegal financing in the last two years. Pointing out that this situation is alarming, MPs demand an investigation into Binance and Teteher.
We have been seeing Hamas-focused news in the cryptocurrency world for the last 15 days. In particular, the claim focuses on donations to Hamas. There is an allegation that cryptocurrencies were used in these donations. The claim is also expressed especially by famous media outlets. However, there is no clear evidence that this happened with Binance and Tether. This attitude of the MPs comes from Binance-focused approaches in the USA. We should point out that Senator Lummis is also on good terms with the SEC chairman.
Tether responded harshly
When the topic focused on Binance and Tether, the answer to the two MPs was not delayed. Accordingly, Tether states in its statement that the company cannot be responsible for the incorrect use of cryptocurrencies. The company states that it does not accept the negative accusations made against them in every negative situation. He also points out that the issue has been diverted from its context and that this situation aims to harm the cryptocurrency market.
An interesting situation also draws attention in the answer given regarding the approach focused on Binance and Tether. Referring to the false news of the Wall Street Journal, it is pointed out that only 21 thousand dollars were collected in crypto-focused aid for Gaza. On the other hand, there is 185 thousand dollars worth of cryptocurrency aid for Israel.
Vile disinformation
When Binance and Tether were accused, the company made its statements even harsher. Accordingly, the term “vile disinformation” for the Wall Street Journal’s news draws attention. Tether points out that this is clearly done to increase the number of clicks.
We all know the place of Binance and Tether in the cryptocurrency world. When we look at Kriptokoin.com, it is not a reasonable approach to mention their names in every illegal incident. Both companies already state that they do not compromise on compliance with the legislation.
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