Tether is one of the top ten owners of commercial paper, and nobody knows what it is. If you are in the crypto space, why on earth would anybody pick a business partner who will not answer basic questions about where their paper exists? Who would want a partner like that? Could it be dark money? Could it be terrorists? Could it be drug traffickers? Could it be authoritarian governments? This seems not on the up and up. And until they do a proper audit, until we know these answers, until their ceo goes on c and b c or talks to new york times economists, whatever I would stay as far away from this as possible.
In the news segment, Jason reacts to the Tether CTO & General Counsel's interview on CNBC (2:22) and digs in to Netflix's latest earnings report (37:35).
Then, Vincent founder Slava Rubin joins to discuss all things alternative assets (44:26), his work founding Indiegogo, Launch’s investment, trading cards (1:17:19) & more.