According to a press release published on October 15, leading stablecoin issuer Tether received a fine from the Trade Commissionin commodity futures in the amount of $ 41 million.
</p>The company was accused of violating the Law on Merchandise Bureaus for introducing into the delusion of the statement that the USDT standard is guaranteed by the United States in the region.
Notwithstanding the statement that the Stablecoin is fully tied to the cost of the dollar, it is said that Tether's reserves were maintained until 2018 through 2018.
The CFTC also fined iFinex, the parent company of the stock exchange Bitfinex, charging it for $ 1.5 million for the execution of retail goods transactions financed outside the stock exchange.
Compliance Director Bincent McGonagl said that these actions will contribute to the integrity of the market:
"As shown by the current actions against Tether and Bitfinex, the CFTC tends to fulfill its established by law.
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