The Breakdown The Most Conservative Regulator in America Just Settled Its Case Against Tether: Can We Move On Now?
Feb 24, 2021
16:17
On today’s episode, NLW breaks down the final settlement of the New York Attorney General’s case against Tether. He argues that the outcome is extremely positive for the industry, discussing:
- Why Tether risk became a major source of FUD in 2021
- How conspiracy theories overtook legitimate concerns
- The history of the NYAG’s case against Tether
- Specific findings of the NYAG’s case around two times that Tether was not backed 1-to-1 by U.S. dollars held in Tether bank accounts
- Why there was never any accusation of Tether printing USDT out of thin air to manipulate markets
- The specifics of the settlement
- Why this conclusion clears risk from institutional investors