The IRS Turns Up the Heat, Tether Has a New Stablecoin for America, Pakistan Courts Crypto, and Türkiye Boots Darkex | September 15, 2025
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The IRS Turns Up the Heat, Tether Has a New Stablecoin for America, Pakistan Courts Crypto, and Türkiye Boots Darkex | September 15, 2025
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The IRS is making crypto tax enforcement personal with sweeping powers, billions in seizures, and little legal pushback (1:19). Tether makes a move into U.S. markets with its new stablecoin, USAT, backed by Treasuries and managed by Cantor Fitzgerald (2:55). Pakistan opens its doors to licensed exchanges (4:32), while Türkiye slams its doors shut to unlicensed operators (6:26).
This is your essential update on the forces shaping what’s next in money.
More on stories and articles discussed or referenced in this episode:
Khan, Mubarak Zeb. “Pakistan Seeks Partners for Digital Future.” Dawn, 14 September 2025, https://www.dawn.com/news/1941811/pakistan-seeks-partners-for-digital-future.
Steer, George, et al. “Crypto Group Tether to Launch New Stablecoin with Eye on US Markets.” Financial Times, 12 September 2025, https://www.ft.com/content/f2329769-6bbc-489b-9a98-d9bbf7addf6f.
“Türkiye Blocks Access to Crypto Trading Platform Darkex.” Türkiye Today, 14 September 2025, https://www.turkiyetoday.com/business/turkiye-blocks-access-to-crypto-trading-platform-darkex-3206891.
V., Vismaya. “Inside the IRS’s Expanding Surveillance of Crypto Investors.” Decrypt, 14 September 2025, https://decrypt.co/339134/inside-irs-expanding-surveillance-crypto.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.