I'm afraid the "egregious tax policy" playbook will be inevitable, but eventually I suppose they'll need to move to something else.  Will be interesting, in the Chinese sense of the word.

elvismercury

I hear you, on the face of it.

But Tether is actively helping expand the reach of the US Dollar (stablecoin), consolidating market share and all without providing off-ramps. Buying US treasuries, providing liquidity there. This all benefits the U.S. They should be under more scrutiny in truth than they are right now, but they're not - potentially for those reasons.

Just a hunch and nothing more, but to me it's the playbook if the United States wants to get truly into the game.

blocktock

bitcoin

Tether Now Holds 61,606 BTC (Q3 2023 Report)

Hard to figure how that would happen w/ Tether, since they're not a US company, and they've been explicitly flying in the face of regulatory pressure this whole time.  It would be quite a grab.  

Tether is like the cockroach of the ecosystem, they'll be hard to put in the jar.