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RE: Good News, Ethereum Is Not a Security Nor Is Bitcoin. Markets React Positively
When the executives of Bitfinex also run their own "stable" coin that's a recipe for disaster. Basically the federal reserve of crypto. It was supposed to be backed 1:1 to USD. Probably why they aren't complying with the SEC. They don't have the funds to match the amount they created in tokens. The Bitfinex/USDT executives are probably basking in the glow of hookers and cocaine.
There is no way they have dollar for dollar with Tether. I would not want to be in their shoes. I keep my life simple and have always lived within my means.