May 22, 2019 ⋅ 1 min read
Tether ($USDT) admitted in court to allocating its funds into cash and cash equivalents, adding assets including Bitcoin ($BTC). Case Judge Joel M. Cohen questioned the logic of Tether investing in a volatile asset like Bitcoin, saying "If some of your assets are in a volatile currency that Tether is supposed to somehow modulate, that seems like it’s playing into what they are saying.” As part of the May 16th hearing, Cohen allowed Tether to freely invest its funds once again but added a few conditions to doing so such as restraining certain credit flows.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in
Gain an edge over the market with professional grade tools, data and research.
Already a member? Sign in