In A Recent Interview For Bloomberg, Entrepreneur Brock Pierce Stated That He No Longer Has Tether (Usdt) Tokens. Back In 2015, Pierce Completely Distanced Himself From The Controversial Stablecoin Issuer, Which Has A Dubious Relationship With The Bitfinex Exchange.
On July 9, The New York Supreme Court Rejected Arguments About The Jurisdiction Of Bitfinex. This Allows New York Ag Letitia James To Continue Investigating Ifinex, The Hong Kong-headquartered Parent Company Of Bitfinex And Tether, Which Allegedly Used Usdt Reserved To Cover Crypto Capital’s $ 850 Million Loss.
Pierce, Who Has A Stake In Many Major Crypto Companies Such As Ripple And Coinbase, Still Considers Tether An Innovation Of Paramount Importance, But He Believes It Is A High-risk Business:
“I Think Tether Is One Of The Most Important Innovations In The Currency, But It Also Seems To Be One Of The Higher-risk Businesses.”
According To A Bloomberg Report, He’s Not Sure If Tezer Can Handle His Fight With Ag. Pierce Is No Stranger To Regulatory Pressure. Block.one, The Software Company Behind Eos, Which He Co-founded, Paid A $ 24 Million Fine To Settle With The Us Securities And Exchange Commission (Sec) Back In September 2019.
The Businessman Also Entered The Political Fray, Announcing His Candidacy For President On July 5.
