Trump cabinet member #HowardLutnick's¹ $135 billion crypto-bank-for-criminals #Tether has two options:
1. submit to an audit like any normal financial firm
2. lose the entire EU customer base, representing a pct of global GDP comparable to the US or China
the fact that they chose #2 tells you everything you need to know about tether.
notice also that #Kraken and #CryptoCom are delisting #Paypal's #stablecoin #PYUSD... wonder what that's about.
¹ It was widely reported that Lutnick's firm #CantorFitzgerald, which manages Tether's assets, had taken a 5% stake in the co. but during his confirmation hearing he said there was only a "convertible bond", which is what the kids call "sus".
