Tether is about to get fucked in the ass by the US government.
>Joint Statement by SEC and CFTC Enforcement Directors Regarding Virtual Currency Enforcement Actions >"When market participants engage in fraud under the guise of offering digital instruments – whether characterized as virtual currencies, coins, tokens, or the like – the SEC and the CFTC will look beyond form, examine the substance of the activity and prosecute violations of the federal securities and commodities laws. The Divisions of Enforcement for the SEC and CFTC will continue to address violations and bring actions to stop and prevent fraud in the offer and sale of digital instruments."
btc will go below $100 if this tether shit blows up.
so glad i sold my 3 btc. cant wait to rebuy hundreds of them.
Carson Morgan
(((they))) are FUDing again go on Veeky Forums. fall for it. good little goyim
Landon Hall
>it's real
HAHAHAHAHA
Never felt better to be a nocoiner. Get fucked cattle.
Grayson Ramirez
SEC and CFTC don't have jurisdiction in Hong Kong but keep spreading you bullshit
Josiah Lewis
Enjoy losing it all bro. It's not FUD - it's legit.
Lucas Cox
>m-muh third world crypto baron
Jaxson Brown
This doesn't seem aimed at tether per se. They're saying the entire market will be treated under securities act.
Camden Nelson
I'm thinking it might be related to BICONNNNNNEEEEEEEEE. But the measures taken could affect the whole market.
Sebastian Walker
what retard? how are US regulators going to investigate an exchange based in Hong Kong that explicitly denies US based investors from opening accounts go ahead faggot. i know you sold the dip
If the SEC is deciding to bring the hammer down on crypto, it's not going to end well.
Brandon Nelson
they'll send them a letter expressing their anger and frustration. but pajeets want to misinform because they sold the dip. IRON HANDS next time street shitters
Aiden Hughes
What are the implications if crypto is treated under the securities act?
Jack Harris
AAAHHAHAHAHAHAHAHA
Ryan Wood
Life in prison for the Bitconnect schemers, for one.
Caleb Morgan
yeah the SEC also tells them to stop insider trading and we both know how that goes
Grayson Lee
Enjoy the fight against the evil imperialist US government. This is what you signed up for, didn't you? Get allahuackbar'd, greedy faggots.
Christian Rogers
>calls crypto holders cattle >has his wealth stored in Jew toilet paper aka fiat Sure bud
Kevin Hughes
we need jibrel network and their jUSD right fucking now
Caleb Miller
>sec.gov/news/public-statement/joint-statement-sec-and-cftc-enforcement-directors >ctrl + f doesn't mention one word of BTC or Tether. OP you are the definition of an absolute fucking moron. seriously, I'm not kidding, please kill yourself. like seriously, off yourself. Do it, please? Just die you're a fucking moron also. See you at $60k BTC halfway through 2018. Off yourself. pretty much this you're a fucking moron as well
Joseph Moore
Stock and bonds, baby. True and tested for 100 years. Backed by fire and gunpowder. Enjoy your frozen assets. When I see you on the street I'll make sure to throw a dime.
Austin Evans
why arent indians banned from trading ? honestly why arent they banned from vpns and this website aswell. why are they even allowed to migrate. they are gipsies in the original sense of the word.
David Myers
Oh wow that 1.25X return is going to do you so well when you retire and you need a 10 dollar bill to buy a gallon of milk due to inflation.
Tyler James
Can you imagine hat will happen when they get the all clear. Bitcoin will fly to 25k
Easton Bailey
wow, the amount of salt you proejct is astonishing. just buy some crypto already you salty jew fucking crybaby. It's not too late for you bitch. Enjoy your .05 % quarterly returns
Bentley Gomez
oldbiztard detected the anger gives it away dude just let them learn the hard way, the fomo will be like we've never seen before
Bentley Hall
bro he sold he dip. and now he'll feel jubilant if a catastrophe befalls crypto. the idiot thinks he'll be buying BTC on the low. he has no idea that what he's asking for is a nuclear winter that could extend long enough for governments all over the world to ban it completely so they can issue their own blockchain bullshit. fuck any piece of shit on /biz that supports government intervention. get out of crypto completely and go place your money with Fidelity or Vanguard
Josiah Cooper
>Enjoy your frozen assets. Please carefully reconsider what you just said sir.
Easton Sanders
those people who got in on the jibrel ico are gonna be some of the luckiest fuckers in the entire world
Henry Reed
Good question. No one knows but a bunch of SullCrom and Cadwalader lawyers will make up what the new market compliance is
Camden Sanchez
Can anyone tell me the registered address and directors of the company behind Bitfinex or Tether?
Connor Peterson
lol gib money
I don't see anything about tether there
Samuel Williams
biz under coordinated establishment assault by no coiner jackoffs, tether FUD threads, all coins are useless threads, don't reply let them 404
Hudson Martinez
>muh secure .5% gains after 10 years!!!
Gabriel Rodriguez
he has no idea how it's going to end when the DOW plummets this year. or early next year you asshole talk extensively of bubbles and fraud. look no further beyond wall street. cheap debt and expensive equity for almost a decade now. do you really think it'll persist. NO. two things are coming soon. WAR and a recession. i expect capital flight to quality that will lead to huge amounts of money coming into crypto especially if the theater of war will be SEA. we all saw how high BTC was trading when that midget fired his little science project into the sea of Japan.
Carter Ortiz
So they are doing their job? Very newsworthy.
Landon Sullivan
>tether up
fuck off you faggots I already sold your shitcoin when it didn't gain for an ENTIRE MONTH
>Jews instructed to get out >investigations on USD mills and ponzis (dumb money) >user decides to become an hero for the market
Good goy. Someone is supposed to bear the loss after all for the jews to win.
Jordan Gomez
Right, but do you know their actual address in HK, or the director's name?
Justin Hughes
Mr. Google knows ask him
Jaxon Rodriguez
1600 Gook McMuhammad ave. apartment 66b
ring the bell
Xavier Garcia
oh fuck yes
Evan Powell
Sounds like they're going after bitconnect. 2018 year of the privacy coin.
Eli Barnes
Nope, he doesn't :)
Hudson Jenkins
Bitshares bitassets like bitcny and bitusd going to replace tether soon and god damn it will make birshares holders rich.
Tyler Anderson
It doesn't matter if you have Tether or BTC now. You need to HODL like HELL. This will NOT be a pleasant ride.
Kayden Smith
This thread is full of plebiscites.
Adrian White
Oh SEC cares about this, but about the over-manipulated stocks like MU they don't give 2 shits.
Parker Rodriguez
what are you getting at pajeet
Nathaniel Cox
Please file!
Isaac Reyes
>trusting a company that doesn't show registered address on their website or anywhere else the butthurt will be glorious desu Also if you're so smart you should know their Taiwan bank can't wire funds anywhere outside Taiwan lel. Google is your friend.
Cameron Morgan
Tether isn't "printed". It goes up when BTC crashes because people sell BTC into tether until the crash ends, ya fucks.
Also, last time people started making a bunch of tether FUD threads like this, BTC went on its bullrun.....CME future for January close on 1/24 :) use that info wisely
Owen Ramirez
why do americunts have to ruin everything?
Evan Nelson
>war in SEA with china? nope
Grayson Butler
he sold the dip what was it? 10k, 9.5k 9k?!?!?!?!??!?!
poor baby
Nolan Jones
The main conspiracy theory is that the same people that are "printing" tether are the same people buying BTC with it.
Joseph Thomas
>he sold the dip How can one sell the dip of a currency that can't be cashed out? Tell me friend where can I get USD in exchange for USDT? I will "cash out the dip" if you give me that info.
Brody Bailey
Not sure I communicated my point. All I was trying to say is that crypto can't be frozen while fiat can, and that's the last accusation you should make.
Andrew Brooks
well how else would they be buying BTC if a counterparty doesn't sell it to them. guess that that counter party is?1?!?!?! it's YOU! the one that tethers up during a dip then they sell BTC for FIAT and voila USDT is backed by USD!
I will hodl as soon as I get more assets. 3 dollars in btc is not good. But when it crashes, it will rise again. Hopefully not regulated.
Jaxson Wood
It's "backed" at least partially by cryptos, which was admitted by an insider on leddit. This means that if BTC plummets 75%, 75% of Tether's backing is gone. This has probably happened already by the way and they're becoming insolvent.
Hunter Sanchez
I read someone ask "What benefit does Tether have from propping the market up, they make money either way"
Now imagine a run on the market. Imagine thousands of high or even millions of users attempting to withdraw from a completely inflated made up pool of money. The $100m printed a day is a risk for them, but a market crash would mean insolvency.
Is it illegal? Yes, but the Tether/Bitfenix ownership is opaque to the point where keeping the party going at all costs is less risky than what insolvency would bring. As long as the market is ticking over the mask can stay on.
Did we all forget this so soon?: pbs.twimg.com/media/DStqTrwX4AEL2eZ.jpg Is that the action to be taken by a company that is confident in its legitimate dealings, one that has already actively refused an audit?
They're actively attempting to disconnect themselves from any association with the country that their currency is supposed to be 1:1 representing. They know what they're doing constitutes fraud, and will do anything to dissuade the government responsible for the currency they're pegged to from looking under the rug.
The responses to anyone bringing up Tether are signs of fear and nervousness. They're giant red flags. People don't want to talk about it and if you're playing the game, maybe that's the best idea. Just know we're all sitting on a timebomb that makes MT GOX look like a firecracker.
Asher Green
@ kraken you can exchange usd/usdt
Asher Price
then you tethered at 9k. same difference or you sold through coinbase, gemini or one of your eurotrash exchanges
Austin Morgan
btc whales are based. they control it, i have faith in them.
Landon Green
oh no! finex will have to pay 75k usd in penalties! Suspend crypto!
Matthew Wood
>Sec Only muds are concerned. Everybody else, happy trading (^_^)
Ryan Young
Explain me why this is a bad thing? All the weak hands money will go back to Bitcoin.
Connor Hall
Fuck off Whale nigger, I'M NOT SELLING
sage this fucking faggot. he's been creating FUD for days.
Andrew Clark
In 13 days Jibrel hits exchanges. Jibrel supports EUR and USD. A lot of people will try to exchange their tether with Jcash. What happens next?
Aiden Butler
This, SEC fines are a fucking joke. How many times haven't he likes off Goldman gotten fined like a few million for having manipulated their way to several billions
Charles Morris
Ahuzat Bayit St 1 Tel Aviv, Israel
Jose Wright
This. It's gonna crash crypto and it won't recover for years.
I see nothing wrong here, just the SEC doing its job. I hope they keep it up.
Leo Jackson
It gets even better. Some bitfinex staff made a post claiming the the poor guy's account had been unfrozen assuming no one would bother to verify that. That was promptly denied by the user. reddit.com/r/bitfinex/comments/7rfal8/frozen_accounts/ OH NO NO NO NO
Colton Powell
>fast peer-to-peer >low fees
Man, when was that picture made 2016?
Ian Robinson
You're telling me to buy stocks now that the next crash is imminent
Julian Hall
It's still still on their front page, you can check it for yourself.