Tether is a money printing machine that makes money from subscriptions to terminals. Bloomberg does not need extra clicks because they charge like five or ten grand per month for those crazy terminals. Their headquarters is filled with boullon diamonds and money sloshing all over the place. They don't need the clicks, but let's put that aside. According to the cto and general council, when they were on c and b c, they like yethr. Don't like to be in the limelight. If my company was under this amount of scrutiny, d o j new york attorney general, jim cramer, financial times, bloomberg, you know, coffee zilla,...
Tether executives are reportedly facing a DOJ criminal probe for bank fraud! Jason breaks down Bloomberg's report (1:31), Tether's response (10:34) and assesses potential implications for the wider crypto ecosystem, including if this had anything to do with Sunday night's Bitcoin surge. (16:29)