In recent news, U.S. officials have called for the Department of Justice (DOJ) to investigate alleged unlawful activities by two major crypto companies, Binance and Tether. The two companies have been accused of manipulating the market, engaging in money laundering, and other illegal activities.

Binance is one of the world’s largest cryptocurrency exchanges, with over 10 million users. It has been accused of using its own tokens to manipulate the market and engaging in money laundering. Tether is a stablecoin that is pegged to the US dollar and is used by many traders to hedge against volatility in the cryptocurrency market. It has been accused of printing unbacked tokens and using them to manipulate the market.

The U.S. officials have called for the DOJ to investigate these allegations and take action if necessary. They believe that these companies are engaging in activities that could harm investors and the public at large. The DOJ has not yet responded to the request, but it is likely that they will take action if the allegations are found to be true.

The allegations against Binance and Tether have caused a stir in the crypto community, as many people are concerned about the potential implications of these companies’ actions. If the allegations are true, it could have serious repercussions for the entire crypto industry. It could lead to increased regulation and scrutiny of crypto companies, which could make it more difficult for investors to trust these companies.

It is important that the DOJ takes these allegations seriously and investigates them thoroughly. If the allegations are found to be true, it is essential that the companies are held accountable for their actions and that appropriate measures are taken to protect investors and the public at large. It is also important that the crypto industry takes steps to ensure that similar incidents do not occur in the future.