CFTC slaps Tether and Bitfinex with a combined $42.5 million fine

[newshunter]

CFTC slaps Tether and Bitfinex with a combined $42.5 million fine

The settlement triggered concerns that the CFTC's role in stablecoin regulation could be misunderstood by the public.

Source: CFTC slaps Tether and Bitfinex with a combined $42.5 million fine

Would appreciate your opinion about this

[TomPluz]

I am really concerned of this development which affected USDT. I understand that in the past, it also got slapped with even bigger fines...so does it mean that people USDT are not doing things as they should be under the law? Maybe it is really time that USDT should shape up or be shipped out...let that warning be heard and be understood well on the part of Tether and Bitfinex. USDT is the leading stablecoin and there are many people who are trusting and depending on it so it is good that they listen to this problem and do something about it.