I'm curious why the govt hasn't buried Tether into a grave and send the entire Crypto market back into the Dark Ages. Or are they waiting for a moment of MCD, Maximum Collateral Damage before they kick out a leg in the 3 legged stool called Tether.
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That’s an interesting question well I know the NYAG has been on their ass but they paid the fine but I’m sure as this rages on it could make for a quick death punch! I just think markets are so fragile they don’t want to rock the boat just yet
But who knows? Perhaps like you say they just waiting to rug pull when it’s big enough
Sounds exactly like being put over a barrel. Must grease a few palms of the NYAG every now and then if USDT wants to stay in business. Even JP Morgan gets their hands slapped as a fine becomes a cost of doing business. The NYAG must be seeing this as a cash cow for now until thier Handlers decide to pull the plug.
And ofcourse they benefitting from retail and investor money removed from the trust to pay fines and if it does get taken down only retail gets hurt we the only ones without insurance and protection not like these exchanges holding USDT will be hurt
I don’t know why people think tokenising a dollar makes it any diffent same trickle up economics as always
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