US consumer protection organization Consumers\' Research: Boycott USDT! Tether may become the next FTX

The **Consumer Research Institute**, the oldest large-scale consumer protection organization in the United States, recently expanded its attack on the leading stablecoin company **Tether** to Congress in Washington, DC.

Fox Business reporter Eleanor Terrett posted an article on **X** today (26th) stating that **Consumers' Research** is distributing leaflets in the offices of the Senate and House of Representatives. The leaflets list the organization's support for **Tether** The accusations include **huge** fraud risks and **suspected terrorist financing.

Launched a multi-million dollar advertising campaign to call on consumers to boycott Tether

On the 18th, Consumers' Research announced that the group had launched a multi-million dollar campaign against Tether (USDT), aiming to arouse consumer sentiment towards Tether. Tether legality and risk concerns.

The group produced a 30-second TV ad in which it sternly questioned Tether as the next FTX and called USDT “the cryptocurrency of choice for the worst people in the world.”

“The company has refused to be independently audited, has been given a high-risk rating by Standard & Poor’s, and they have long been under investigation for alleged fraud and price manipulation. Maybe that’s why Tether is the cryptocurrency of choice for the worst people in the world.”

, They spent millions of dollars to place the ad on television, in New York City's bustling Times Square, and on billboards in Washington, D.C., and New York City. And established a website whose main content points to the unfavorable reports on Tether and stablecoins by **authoritative** traditional media.

Is Tether the next FTX?

Will Hild, executive director of Consumers' Research, also called on consumers to boycott stablecoins such as USDT in a statement: We are exposing Tether's questionable business practices, including a decade-long refusal to be audited and its frequent use by terrorists. its products. Given these warning signs, we fear that Tether may well become the next FTX. Consumers should be weary of any of these stablecoins that refuse to properly prove that they actually hold the assets they claim to have.

It is understood that the **authoritative** Consumers' Research is a **California** non-profit organization founded in 1929. It is known as the **oldest **consumer protection organization in the United States. The organization is mainly supported by **religious people ** and the support of conservative groups.

Now, this large consumer protection organization with the longest history in the United States has launched a **violent** pursuit of Tether, and **crazy** placed ads and leaflets accusing Tether on the streets of New York, Washington, D.C., and even Congress. , I am afraid that it will give legislators and the public a bad impression of the company.

As of press time, Tether and CEO Paolo Ardoino, who has always strongly defended the company’s image, have not responded to the group’s actions.

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