Tether's business is giving offshore euro dollars to people that don't actually want to touch the US banking system. So in pursuit of that, they want to be as vague as possible because they don't want their service providers and custodians to go under full assault from the might of the US regulatory establishment. Tether holders are holding Tether because they know that Tether is going to put up this kind of resistance.
In this episode, we're joined by Nic Carter, General Partner at Castle Island Ventures for a far reaching discussion around Nic’s thesis on Operation Choke-Point 2.0; the effort of every U.S. financial regulator to deny crypto firms access to banking services.
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