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

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

FromThe Breakdown


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

FromThe Breakdown

ratings:
Length:
16 minutes
Released:
Feb 24, 2021
Format:
Podcast episode

Description

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 -- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   The Breakdown is produced and distributed by CoinDesk.com
Released:
Feb 24, 2021
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.