DeSantis Secures Second in Iowa Caucus; Tether Rejects UN's Illicit Activity Claims; Ramaswamy Exits Presidential Race
Summary:
Ron DeSantis, known for his anti-CBDC stance, secured the second spot in the Republican Iowa Caucus behind Donald Trump. Stablecoin firm Tether dismissed allegations from a United Nations report claiming illicit usage of Tether (USDT). Meanwhile, pro-crypto presidential candidate Vivek Ramaswamy withdrew from the U.S. presidential race.
In the recent Republican Iowa Caucus, presidential contender Ron DeSantis, who is opposed to central bank digital currencies (CBDC), trailed notably behind in the polls, securing only the second spot. In other news, Tether, the well-known stablecoin company, dismissed the findings of a United Nations report alleging that Tether (USDT) has been used illicitly. Concurrently, the US presidential race lost one competitor, with Vivek Ramaswamy announcing his exit.
Ron DeSantis, the current governor of Florida and a presidential aspirant, found himself lagging significantly behind former President Donald Trump in the Iowa Caucus. Patched together from numerous sources, DeSantis managed to win just 21% of the vote, while Trump scored a considerable 51%. Despite being a beloved figure as Florida’s governor, DeSantis’s appeal hasn’t seemed to reach a national level in the presidential contest so far. His campaign notably includes a prohibition on CBDCs, with assertion that the introduction of CBDCs could lead to a significant power shift from citizens to a centralized authority.
Tether, the prominent stablecoin organization, refuted a United Nations report that insinuated its currency, Tether (USDT), has been implicated in illegal activities. On January 15, in response to the UN’s findings, Tether asserted that the report overlooked the traceable nature of USDT and its longstanding history of global law enforcement cooperation. The company also suggested that central stablecoins could prove beneficial in combating financial crime.
Additionally, Tether revealed that it managed to freeze over $300 million worth of USDT involved in unlawful activities in recent months, with $225 million of it frozen in November 2023 as part of a US investigation into a Southeast Asian human trafficking syndicate.
Vivek Ramaswamy, the pro-crypto Republican candidate, has announced his withdrawal from the US presidential contest, likely marking the end of his campaign that had lasted almost a year. Despite being a relative newcomer to the presidential campaign scene, Ramaswamy rapidly gained popularity within the crypto community owing to his vocal policy positions regarding Bitcoin and other cryptocurrencies.
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Published At
1/16/2024 10:51:35 PM
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