As reported by Bloomberg on November 21, the US Department of Justice (DOJ) is set to announce an enforcement action on cryptocurrency today. The announcement will involve high-profile US officials, including Attorney General Merrick Garland, Treasury Secretary Janet Yellen, Deputy Attorney General Lisa Monaco, and Commodity Futures Trading Commission Chairman, Rostin Behnam.
In related news, Tether, the issuer of USDT, made a statement on November 20 declaring its cooperation with the DOJ in an ongoing investigation. This has led Tether to voluntarily freeze approximately $225 million of USDT tokens in external self-custody wallets related to an international human trafficking group based in Southeast Asia. Notably, this group is implicated in leading a global scam known as the "pig-killing plate".
More information about these events is expected to follow after the DOJ's announcement today.