In my opinion, regulators have a too-big-to-fail problem here. Tether is known to be used for artificially inflating the crypto market in collusion with certain

In my opinion, regulators have a too-big-to-fail problem here. Tether is known to be used for artificially inflating the crypto market in collusion with certain exchanges. There is a lot of documentation on this, the following two articles are a good start: https://theodoregreenbaum.medium.com/the-crypto-time-bomb-is-finally-about-to-explode-d7d825cb9cea https://theodoregreenbaum.medium.com/the-crypto-time-bomb-is... https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud https://www.bloomberg.com/news/articles/2021-07-26/tether-ex... If news suddenly come out about Tether being formally accused by the Department of Justice, the market may react in panic and things might get ugly. As an anecdote, I have a friend who told me she put a significant amount of her life savings into "etherium and carnado" (sic). There are millions of people like this who will get absolutely crushed. I don't see a non-painful solution here. The regulators were too slow and have allowed a monster to be created.