US seizes bank accounts of payment firm linked to Tether and Bitfinex

Federal prosecutors in California filed a civil forfeiture action against Capstone, a Montana-based payment company, for allegedly operating without a license and processing hundreds of millions of dollars in illegal transfers on behalf of Tether and Bitfinex. The action signals increased US enforcement scrutiny of stablecoin-related financial infrastructure, though the legal outcome and broader regulatory impact remain uncertain.