According to an article, federal prosecutors are not going after tether for any recent crimes. The d o j is reportedly focused on conduct that occurred years ago when tether was in its more nascent stages. This seems like something they would do, i'll be totally honest, in many crypto exchanges. People trying to get their money into the crypto economy need an en ramp....
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)