Circle and Coinbase executives are urging the U.S. government to take action against Tether and its banking partner, Cantor Fitzgerald. JPMorgan suggests U.S. regulators can influence Tether through the Office of Foreign Assets Control. Tether has been cooperating with the FBI on crime globally. The stablecoin wars intensify as Circle and Coinbase seek regulatory crackdown on Tether.
.@jpmorgan says U.S. regulators can exert some control over stablecoin issuer @Tether_to via the @USTreasury’s Office of Foreign Assets Control. https://t.co/FWPugm7Cu7
Circle (man) thinking they’ve got an edge over Tether because they’re tight with the Feds (the lion) https://t.co/HtDKseHuvS
Coinbase and Circle executives have called on the U.S. authorities to intensify actions against Tether and offshore crypto firms that fail to comply with regulations https://t.co/Np1uhQSk8a
The stablecoin wars are heating up as @circle and @coinbase ask Congress to clamp down on USDT issuer @Tether_to Read more: https://t.co/kzzYwk8TuX https://t.co/OsPvbo4jM1
JPMorgan, Tether spat escalates as stablecoin issuer slams another critical bank report https://t.co/brWmvj1hhj
. @circle may have a rivalry with @Tether_to. #Tether has no rivals. https://t.co/RGjDkLBBN7
Circle and Coinbase (bitcoin haters) want the US government to shut tether down. Tether (even though it's a centralized fiat coin who can be shut down) are Bitcoiners. They stack sats. The owners were on the right side of the blocksize wars. I want to see them succeed. https://t.co/GdFASWOdSL
Circle has been peddling this line for many years and has tried using regulatory capture because they could otherwise not compete. In November 2022 they implied Tether = FTX and called themselves the winners of that debacle. Here is the stablecoin supply since they "won"...… https://t.co/4ex3xR3GMa https://t.co/M72eep4fpg
.@jpmorgan says U.S. regulators can exert some control over stablecoin issuer @Tether_to via the @USTreasury’s Office of Foreign Assets Control (OFAC). @willcanny99 reports https://t.co/dWKaqsPAAx
Unmitigated rugs in defi space have been by percentage an absurd amount in usdc and circle as a business has used its claw back mechanism precious few times to address these issues. Should us citizens file complaints for us treasuries and sec against circle? Should we look… https://t.co/cQnaZGV2eQ
ICYMI: JPMorgan says US regulators can ‘exert some control’ over Tether via OFAC https://t.co/cg6Ezk11AS
Circle is literally saying treasury should go after Tether’s assets they keep with Cantor Fitzgerald because “they finance terrorism” Tether literally onboarded the freaking FBI and has been cooperating on crime globally. It sounds to me like someone isn’t very good at losing https://t.co/0DscsgiuMg
Wow, @Circle's Caroline Hill is really begging to congress for the treasury department to go after @Tether_to and their banking partner, Cantor Fitzgerald https://t.co/oia8YxLvAI https://t.co/SmnAqeuEyB