[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

File: 13 KB, 474x474, 0FE29B0F-56AE-4E1B-827B-C3BA666F807F.jpg [View same] [iqdb] [saucenao] [google]

53027455

Tether is about to get hit with audit by SEC Anonymous Tue Dec 27 06:34:17 2022 No.53027455 [Reply] [Original]

I work as an intern for the securities and exchange commission and when I went back to work today I heard there will be an extensive audit of Tether within the first two weeks of January.

I had told a friend of mine and he mentioned I should give you the news here. They’re basically guaranteed to fail the audit based on past performance. The SEC suspects that the collateral they’re holding is non-existent at this point and the reasoning is based on a prior audit that Tether had supposedly failed already? The SEC isn’t so much concerned whether they have the collateral (as it’s suspected 100% that they don’t) so much as if they can go after exchanges that still work with US banks to offload crypto and get it into liquid USD. The process has already started moving on this and the end result is pretty much guaranteed as crypto already looks pretty bad at this point and no sane member of congress will do anything to try and stop the SEC on this action.

Don’t say I didn’t try to help you guys. I admittedly made some good money off of crypto and if this forum is really ground zero for a lot of these projects then just want to say thanks and pay you back somehow. Thanks.

>>	Anonymous Tue Dec 27 06:35:40 2022 No.53027465 >>53027455 china, here. We are going to banned bitcoin again. [a lot of texts]

>>	Anonymous Tue Dec 27 06:39:15 2022 No.53027497 @OYDguDpO What does that mean? Did China not already ban bitcoin?

>>	Anonymous Tue Dec 27 07:01:46 2022 No.53027650 File: 48 KB, 720x691, 1665296797844583.jpg [View same] [iqdb] [saucenao] [google] >>53027455

>>	Anonymous Tue Dec 27 07:05:47 2022 No.53027678 >>53027455 Why so late? Why wait until January?

>>	Anonymous Tue Dec 27 07:06:34 2022 No.53027681 >>53027678 It's Christmas :)

>>	Anonymous Tue Dec 27 07:10:32 2022 No.53027708 >>53027455 >load ze tether fud again

>>	Anonymous Tue Dec 27 07:12:27 2022 No.53027718 >>53027455 Tether is produced by a Chinese Hong Kong company is it not, then fuck the SEC?

>>	Anonymous Tue Dec 27 07:12:50 2022 No.53027719 >>53027455 >within the first two weeks of January. 2 more weeks

>>	Anonymous Tue Dec 27 07:13:27 2022 No.53027722 Bitfinex BTFO’d

>>

Anonymous Tue Dec 27 07:18:30 2022 No.53027744

@53027678
Hope this reply works lol. It’s a new administrative year so new cases are being pushed. I’m pretty certain there is a parallel investigation going on into Bitfinex again as well. I honestly think they will use Tether as a point to regulate all stablecoins and ban their use on exchanges. The SEC wants the exchanges to work the same way as a stock brokerage where they can account for all USD flowing in and out and have it better tied in with federal tax code. This would also affect cash settlement times and open crypto to day trading regulations.

>>

Anonymous Tue Dec 27 07:23:53 2022 No.53027768

Ok how do I reply directly to something.

Someone mentioned China, it doesn’t matter if they’re based outside the US the SEC can easily prevent exchanges from even operating in the US if they don’t agree to the changes. Regulators have zero issues with forcing exchanges to comply with this because there are essentially zero ties between crypto and the rest of the financial system beyond what they suspect is widespread insolvency and fraud.

I will try and check back and reply more tomorrow

>>	Anonymous Tue Dec 27 07:25:29 2022 No.53027776 >>53027744 Do you realize sharing this information can easily be used to generate profits, it constitutes insider trading which is a federal crime and your IP is being tracked?

>>

Anonymous Tue Dec 27 07:28:31 2022 No.53027791

>>53027744
Thanks. Everyone else I'm hearing from is saying the same thing so I don't think you are lying.

>Ok how do I reply directly to something
Click on the numbers after "No."

>>53027776
This anon is right, our post are tied to our IP Addresses and ran through on NSA servers.
Nobody will care enough to take legal action tho

>>	Anonymous Tue Dec 27 07:40:46 2022 No.53027869 >>53027791 Lol wow thanks Yeah I’m not making any trades and this will be announced eventually anyways. It’s not technically confidential information if I know about it.

>>	Anonymous Tue Dec 27 07:46:04 2022 No.53027907 >>53027776 Go away glowie

>>	Anonymous Tue Dec 27 07:47:23 2022 No.53027916 >>53027768 You click the post number . Welcome newfag insider

>>	Anonymous Tue Dec 27 07:50:41 2022 No.53027934 >>53027650 You absolutely did read those words you lying niggerjew, or else you wouldn't be posting such a salty-ass meme.

>>	Anonymous Tue Dec 27 07:53:29 2022 No.53027957 I remember seeing a video from that coffee guy explaining how this coin was going to crash eventually. Have any idea of that video?

>>

Anonymous Tue Dec 27 08:02:37 2022 No.53028008
File: 248 KB, 1280x720, coinbased.jpg [View same] [iqdb] [saucenao] [google]

>>53027768
i actually hope tether gets banned in the US. this would actually benefit both coinbase and USDC. i don't do stablecoins but i do own COIN stock, so i hope this is true. coinbase did warn everybody to swap tether for USDC about a month ago and i know they've got insider info from blackrock, so this may actually be legit. based af

>>	Anonymous Tue Dec 27 08:18:49 2022 No.53028095 >>53027455 This is a badly written LARP 0/10

>>	Anonymous Tue Dec 27 11:24:45 2022 No.53028916 >>53027455 >ive been here for a long time but i dont know how to quote someone

>>	Anonymous Tue Dec 27 12:18:44 2022 No.53029143 >>53027455 this post is of extreme low quality. i reject it with disgust. you're going to get reported for this.

>>	Anonymous Tue Dec 27 12:51:30 2022 No.53029317 >>53027455 > when I went back to work today The 26th was a federal holiday, so this is a larp

>>	Anonymous Tue Dec 27 13:09:31 2022 No.53029419 >>53029317 Well of course it is. Everything on Biz is larp fraudlies.

>>

Anonymous Tue Dec 27 13:43:19 2022 No.53029593
File: 6 KB, 250x200, 1666609331604980s.jpg [View same] [iqdb] [saucenao] [google]

>>53027455
>Japan is lifting the ban on foreign issued stablecoins; USDC and USDT.

>Yieldfarming are gonna keeping reaping the high interest from stables via SpoolFi until SEC give up

>Stablecoins existence is going to be a barrier to the adoption of CBDCs.

Thanks schizo for the premature update.

>>	Anonymous Tue Dec 27 13:47:03 2022 No.53029617 >>53027455 my dad works for nintendo and he says you're a faggot.

>>	Anonymous Tue Dec 27 13:53:20 2022 No.53029676 tl; dr

>>	Anonymous Tue Dec 27 14:00:48 2022 No.53029739 >>53027744 >@53027678 >Hope this reply works lol >"oops sorry guys I'm so completely new to your message board, tee-hee" Was gonna give you 1/10 larp, revised it to 2/10 for minor effort

>>	Anonymous Tue Dec 27 15:22:08 2022 No.53030533 >>53029739 Thx fren just trying to keep you guys entertained

>>	Anonymous Tue Dec 27 17:34:39 2022 No.53032122 >>53027455 >SEC the rest of the world doesn't care so much about your burger shit

>>	Anonymous Tue Dec 27 17:37:04 2022 No.53032152 >>53027776 /biz/ is a dead forum not an investor board you fucking kike

>>	Anonymous Tue Dec 27 19:47:54 2022 No.53033939 >>53032152 But this is where I learnt to invest my stablecoins through Spool protocol and equally how to stake alts on binance.