{"id":139010,"date":"2023-05-11T08:25:03","date_gmt":"2023-05-11T08:25:03","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=139010"},"modified":"2023-05-11T11:42:31","modified_gmt":"2023-05-11T11:42:31","slug":"tether-could-be-the-next-domino-to-fall-ex-sec-official-warns","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/tether-could-be-the-next-domino-to-fall-ex-sec-official-warns\/","title":{"rendered":"Tether Could Be the Next Domino to Fall: Ex-SEC Official Warns"},"content":{"rendered":"
John Reed Stark, former head of the SEC’s Office of Internet Enforcement, has urged American financial regulators to ban cryptocurrency companies from offering the stablecoin Tether USDT<\/a>, referring to the cryptocurrency giant as a “mammoth house of cards.”<\/em><\/strong><\/p>\n He previously detailed different issues plaguing Tether in a lengthy tweet on May 9 to hammer home his argument before recently responding to Tether’s CTO Paolo Ardoino’s response, which includes a link to Tether’s most recent Assurance Report<\/a>.<\/p>\n The CTO of Tether responded to my previous tweet about Tether with a link to Tether's most recent Attestation Report. https:\/\/t.co\/cqRoJSaChR<\/a><\/p>\n Here is my response: <\/p>\n Thanks for responding Mr. Ardoino and for taking the time to address my concerns, albeit with a link to a report,\u2026 pic.twitter.com\/89IgmfaUk6<\/a><\/p>\n — John Reed Stark (@JohnReedStark) May 10, 2023<\/a><\/p><\/blockquote>\n\n