The Moon Is Crypto and the Stone Is Cannabis

Tether has won money transmitter license in the United States to an old Taiwanese entity that they don't really use anymore. There is no like single regulator overseeing tethers operations. Part of the challenge with any of these cryptocurrency companies is that they are very deliberately set up with the goal of avoiding regulators and most regulatory tactics. They pick locations where they think they can gain regulator approval or avoid regulator ire. And then they try to structure their operations and even their executives in a way where it's going to be challenging for countries with more active regulators to pursue them or stop them from doing what they want.