The main question that requires answering, I think, is why we let Tether and Bitfinex print a bunch of Tether and buy a bunch of Bitcoin during low volume periods. The Bloomberg report et al and the SEC both suggest that this is happening, constituting clear price manipulation.
Is that not by definition fraud? It's like the US federal reserve printing a bunch of stimulus. At least our central banks are nominally appointed by elected officials, on the basis of a social contract.
Is that not by definition fraud? It's like the US federal reserve printing a bunch of stimulus. At least our central banks are nominally appointed by elected officials, on the basis of a social contract.