The Most Conservative Regulator in America Just Settled Its Case Against Tether: Can We Move On Now?


Manage episode 285743417 series 2637334
By Nathaniel Whittemore. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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
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