Tether effectively evaded future SEC oversight by withdrawing from the U.S. market and operating outside U.S. jurisdiction
U.S. "jurisdiction is triggered when a payment in U.S. dollars [takes] place and the U.S. financial system [is] used" [1].
EDIT: Tether withdrew from New York State's jurisdiction as part of its settlement with the New York AG [2], not to be confused with the U.S. attorney based in Manhattan.
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deleted. I have to figure out the exact agency and repost sorry. I thought it was the sec, but I am wrong.
U.S. "jurisdiction is triggered when a payment in U.S. dollars [takes] place and the U.S. financial system [is] used" [1].
EDIT: Tether withdrew from New York State's jurisdiction as part of its settlement with the New York AG [2], not to be confused with the U.S. attorney based in Manhattan.
[1] https://www.ziv.unibe.ch/unibe/portal/fak_rechtwis/c_dep_pri...
[2] https://ag.ny.gov/sites/default/files/2021.02.17_-_settlemen...