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Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by mhmiles on Tuesday January 30, 2018 @01:34PM (#16267683)
Good summary. There’s also the accusation that a lot/most of those tethers were not paid for at all and simply minted and used to purchase Bitcoin.
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by bhouston on Tuesday January 30, 2018 @01:54PM (#16267872)
Exactly. There is some circumstantial evidence that Tether printing may be inflating bitcoin prices: http://www.tetherreport.com/

But it is just circumstantial at this point. There are a lot of ifs related to Tether, but it has that fishy feeling to it.

While I think there is a very good chance that Tether is not backed by USD, I think the regulators may actually be more interested in USDT being used for money laundering and non-reporting of investment proceeds. In fact, that is likely a larger crime with respect to US regulators.

Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by jboggan on Tuesday January 30, 2018 @02:08PM (#16267997)
That would be the SEC's domain. If CFTC is getting involved it's probably because they are potentially manipulating the price on a regulated futures contract.
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by AlexCoventry on Tuesday January 30, 2018 @04:26PM (#16269195)
But bitcoin futures didn't start until Dec 17, and the subpoena was sent Dec 6, so that would imply they're messing in futures based on some other commodity.
Re:U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether by jboggan on Tuesday January 30, 2018 @05:37PM (#16269737)
You are correct about the dates but the regulatory planning and preparation for the CFTC regarding the futures contracts has been a long process. CFTC had jurisdiction and interest in assessing asset pricing conditions leading up to the contract launch.