---
title: "NY prosecutors sound alarm on GENIUS Act for fraud. 5 officials claim Tether, Circle avoid law enforcement to profit."
description: "According to information from five officials in New York, Tether and Circle have allegedly received incentives to avoid cooperating with law enforcement. This stance has purportedly enabled them to be"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/274542574.md"
published_at: "2026-02-02T16:38:23.000Z"
---

# NY prosecutors sound alarm on GENIUS Act for fraud. 5 officials claim Tether, Circle avoid law enforcement to profit.

> According to information from five officials in New York, Tether and Circle have allegedly received incentives to avoid cooperating with law enforcement. This stance has purportedly enabled them to benefit financially from illegal activities linked to stablecoins.

According to information from five officials in New York, Tether and Circle have allegedly received incentives to avoid cooperating with law enforcement. This stance has purportedly enabled them to benefit financially from illegal activities linked to stablecoins.

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.