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> The CFTC doesn't have that authority; a company can only get shut down for a criminal offense and Tether is not accused of any crime. Fraud is a crime.
by RNCTX 5y ago
> The CFTC doesn't have that authority; a company can only get shut down for a criminal offense and Tether is not accused of any crime.
Fraud is a crime.
- honksillet 5y agoYeah, so the DOJ would need to prosecute.
- dragonwriter 5y ago> Fraud is a crime. CFTC does not prosecute crimes. CFTC could make a referral to DoJ, but where a regulatory agency can both engage in civil enforcement actions and make criminal referrals, even when it does both in the same case, the civil action will usually be filed and often resolved before any visible action (indictment, etc.) on the criminal referral. So, the resolution of the civil case doesn’t mean anything with regard to any potential criminal charges.