Cryptocurrency firm Tether will pay $41 million in an agreement with the Commodity Futures Trading Commission (CFTC) to settle charges that it misled investors when it claimed its stablecoins were 100 percent backed by fiat currencies like the U.S. dollar and the euro.
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:... More by Aaron Nicodemus
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