Re:Tether is under undisclosed SEC investigation, FOIA blocked
by blitzar on Saturday September 25, 2021 @06:16AM
(#28651939)
In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes.
Despite what a crypto telegram group may suggest, the SEC does more than just run the so called 'Howey Test'.
Honestly I dont know what tether fan boys are so scared of, unless they know it is a scam - a regulator and/or court approval is what they should want, it is what everyone should want. If you believe in crypto you have to campaign for it to be properly classified, that will be they turning point.
As for the 'expectations of profits' zero coupon bonds look identical, collateralised debt obligations on zero yeilding instruments looks identical, USD deposits look identical and JC penny gift cards look identical to tether. Additionally tether can be bought and sold for profit, I personally have done it 1,000s of times.
Despite what a crypto telegram group may suggest, the SEC does more than just run the so called 'Howey Test'.
Honestly I dont know what tether fan boys are so scared of, unless they know it is a scam - a regulator and/or court approval is what they should want, it is what everyone should want. If you believe in crypto you have to campaign for it to be properly classified, that will be they turning point.
As for the 'expectations of profits' zero coupon bonds look identical, collateralised debt obligations on zero yeilding instruments looks identical, USD deposits look identical and JC penny gift cards look identical to tether. Additionally tether can be bought and sold for profit, I personally have done it 1,000s of times.