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    • FINANCIAL TECHNOLOGY—Treasury issues Stablecoin Certification Review Committee interim final rule
    • BANKING OPERATIONS—NCRC urges OCC to reject Zerohash charter over managerial competence questions
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    • COMMUNITY DEVELOPMENT—OCC’s Gould touts community bank ‘comeback,’ military bank proposal
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    • FEDERAL RESERVE SYSTEM—Fed approves amendments to support FOMC interest rate increase
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    • OVERSIGHT AND INVESTIGATION—Blumenthal report says Iran relies on Tether’s stablecoin for shadow banking, seeks Treasury and Justice probes
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    • OVERSIGHT AND INVESTIGATION—OIG flags Fed offboarding failures mid-audit
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    Banking and Finance Law Daily Wrap Up, OVERSIGHT AND INVESTIGATION—Blumenthal report says Iran relies on Tether’s stablecoin for shadow banking, seeks Treasury and Justice probes, (Sep 29, 2026)

    Organizations Mentioned:Cantor Fitzgerald | Modex Exchange Company | Office of Foreign Assets Control | Tether

    By Shashi Kant, BALLB, LL.M.

    A Senate subcommittee minority report finds Iran and its proxies rely heavily on Tether’s dollar-pegged stablecoin to evade U.S. sanctions.

    Senator Richard Blumenthal (D-Conn.), ranking member of the Senate Permanent Subcommittee on Investigati ...

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