Stablecoin companies should need a court order before freezing funds

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.

September 28, 2026 Senate scrutiny of Tether’s sanctions controls and the issuer’s response about Iran-linked USDT freezes.

The Binance breach renews the debate over keeping funds on exchanges and freezing stolen assets.

Two Thai businessmen sued Tether in the Southern District of New York on 31 August 2026, alleging it froze 42.4 million USDT across ten Ethereum addresses in October 2025 at an informal US law-enforcement request, months before a seizure warrant was issued in February 2026. Tether called the suit baseless.

U.S. authorities announced sanctions and infrastructure seizures against Xinbi Guarantee on September 9, 2026. Separately, MistTrack reported approximately $39.27 million in USDT frozen across ten Xinbi-linked addresses on September 8; Tether had not publicly explained that action in the reviewed reporting.

CoinDCX’s 25 October 2026 update acknowledged a 15.99 million USDT loss after a failed automated sweep left deposits in retired wallet infrastructure. The company says it absorbed the loss and credited customers; traced or frozen funds must not be described as already recovered.

On October 5, 2026, ZachXBT disclosed an undercover investigation into an alleged Chinese laundering network linked to Lazarus and the Bybit hack. The reported 349,700 USDC transfers occurred in March 2025; the disclosure and the underlying transactions are separate events.