Today Bloomberg is reporting that Bitfinex has been subpoenaed by U.S. regulators. This is all regarding Tether, which is claimed to be pegged to the U.S. Dollar. Apparently this subpoena was actually issued on December 6th, but we’re just hearing about it today. This news has caused a lot of panic, as speculation has been building for months that Tether may be a house of cards waiting to fall. How concerned about this should we be?
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Doug Polk is a professional poker player and cryptocurrency enthusiast. Crypto News is the show to keep up with the latest trends and stories involving Bitcoin price, Ethereum, Litecoin, Ripple, IOTA, investing, analytics, and various altcoins.
I am not a financial advisor, and nothing in this video constitutes financial or legal advice. Please invest responsibly and do your research with due diligence.