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

bitcoin

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

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.