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CTO Of Bitfinex Argues That Tether Will Not Be The Next Target Of The Securities And Exchange Commission
Summary: The chief technology officer of Bitfinex, Paolo Ardoino, stated he does not believe Tether will be the target of further Securities and Exchange Commission investigations. Concerns began rising that Tether would be subject to charges from the SEC after the regulatory body filed charges against Ripple arguing that XRP sales counted as unregistered securities. Ardoino said Tether adheres ...
The chief technology officer of Bitfinex, Paolo Ardoino, stated he does not believe Tether will be the target of further Securities and Exchange Commission investigations.
Concerns began rising that Tether would be subject to charges from the SEC after the regulatory body filed charges against Ripple arguing that XRP sales counted as unregistered securities.
Ardoino said Tether adheres to strict Know Yor Customer/Anti-Money Laundering regulations set forth by the Treasury Department’s Financial Crimes Enforcement Network, or FinCEN. The statement was in response to Ki Young’s tweet saying “If SEC's next target is Tether, it's going to be very, very bad for this bull run as this market heavily relying on $USDT.”
By Emily Mason
Tags: Bitfinex,Ripple,Securities and exchange commission,Tether,USDT,XRP
Link: CTO Of Bitfinex Argues That Tether Will Not Be The Next Target Of The Securities And Exchange Commission [Copy]
