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... which is consistent with having sufficient backing. Again: She did not open a criminal prosecution for fraud. Do you think she would just let go of a crimi

... which is consistent with having sufficient backing. Again: She did not open a criminal prosecution for fraud. Do you think she would just let go of a criminal prosecution?

JumpCrisscross 5y ago
> Do you think she would just let go of a criminal prosecution? Yes? Those are my tax dollars at work. There are better places to prosecute. Let the Feds do the international heavy lifting such a prosecution will require.
- jpmattia 5y ago
  > Yes? Those are my tax dollars at work. There are better places to prosecute. Let the Feds do the international heavy lifting such a prosecution will require. So you believe Leticia James has documentation saying that USDT is not backed 1:1 with any dollar-based securities, and didn't even say so? And let investors continue to be defrauded, and she'll let the Fed AGs to get the credit? That sounds laughable to me, but ok.
  - JumpCrisscross 5y ago
    > let investors continue to be defrauded She is the Attorney General of New York. Tether is banned from New York. No need to launch a criminal probe against an overseas firm led by overseas founders harming out-of-state residents. > let the Fed AGs to get the credit This isn't a case with obvious political upside. Tether getting blown out will cost millions of Americans on both sides of the aisle. There isn't a sympathetic party being harmed who will be grateful for enforcement. (To say nothing of the money printer cryptos have been for traditional finance.)
    - jpmattia 5y ago
      > No need to launch a criminal probe against an overseas firm led by overseas founders harming out-of-state residents. There is definite need to launch a criminal probe against an overseas firm that defrauded NY state residents, which she did not do.
      - JumpCrisscross 5y ago
        > There is definite need to launch a criminal probe against an overseas firm that defrauded NY state residents, which she did not do That's not your or my decision to make. It's the prosecutor's. And on this one, I'm with her. Everyone "defrauded" by Tether is and was a willing participant. The wound has been cauterized by banning Tether from New York. Damages can settle themselves through the courts using the injured parties' own resources. (Not taking into account that many of the presumed "injured" would object to that designation in the first place.)

... which is consistent with having sufficient backing. Again: She did not open a criminal prosecution for fraud. Do you think she would just let go of a criminal prosecution?

JumpCrisscross 5y ago

> Do you think she would just let go of a criminal prosecution? Yes? Those are my tax dollars at work. There are better places to prosecute. Let the Feds do the international heavy lifting such a prosecution will require.

jpmattia 5y ago
> Yes? Those are my tax dollars at work. There are better places to prosecute. Let the Feds do the international heavy lifting such a prosecution will require. So you believe Leticia James has documentation saying that USDT is not backed 1:1 with any dollar-based securities, and didn't even say so? And let investors continue to be defrauded, and she'll let the Fed AGs to get the credit? That sounds laughable to me, but ok.
- JumpCrisscross 5y ago
  > let investors continue to be defrauded She is the Attorney General of New York. Tether is banned from New York. No need to launch a criminal probe against an overseas firm led by overseas founders harming out-of-state residents. > let the Fed AGs to get the credit This isn't a case with obvious political upside. Tether getting blown out will cost millions of Americans on both sides of the aisle. There isn't a sympathetic party being harmed who will be grateful for enforcement. (To say nothing of the money printer cryptos have been for traditional finance.)
  - jpmattia 5y ago
    > No need to launch a criminal probe against an overseas firm led by overseas founders harming out-of-state residents. There is definite need to launch a criminal probe against an overseas firm that defrauded NY state residents, which she did not do.
    - JumpCrisscross 5y ago
      > There is definite need to launch a criminal probe against an overseas firm that defrauded NY state residents, which she did not do That's not your or my decision to make. It's the prosecutor's. And on this one, I'm with her. Everyone "defrauded" by Tether is and was a willing participant. The wound has been cauterized by banning Tether from New York. Damages can settle themselves through the courts using the injured parties' own resources. (Not taking into account that many of the presumed "injured" would object to that designation in the first place.)