Bitfinex and Tether received subpoenas from us regulators

Bitfinex and Tether received subpoenas from us regulators

Cryptocurrency exchange Bitfinex and the Tether project has received subpoenas from U.S. regulators, who have raised questions about the legality of released project tokens.

As it became known yesterday, the agenda was presented on 6 December.

According to Bloomberg the draft of the Tether and the tokens it has issued – USDT always been a lot of questions from the authorities. In Tether commented on this incident:

We regularly receive such subpoenas from law enforcement and regulatory agencies. Our policy is to not comment on such requests.

Both companies are closely connected with each other – CEO of Tether is Ian Ludovic van der Velde, who is also the CEO of Bitfinex. After about when these companies became known began to appear the rumors about the manipulation of the price of bitcoin, backed by both companies.

The specific reason for sending the agenda remains unknown, but does not cause great surprise on the part of the crypto community, which, in the majority, very critical in relation to both companies.

At the same time, the mere issuance of subpoenas has caused a mixed reaction in social networks.

For example, the famous cryptocurrency trader WhalePanda noted the lack of communication between Bitfinex, Tether and the US authorities. Both sites are outside US jurisdiction and even more US citizens are forbidden to register and maintain any activity on them.

Meanwhile, the price of bitcoin on Tuesday when it became known about the delivery of summonses has fallen. Perhaps the news has become one of the causes of falling prices.

As of Tuesday Tuesday, Tether traded at an average of 0.99 to the U.S. dollar, and prices fell to 1.05 dollars for the last month.

According to Coinmarketcap, bitcoin fell to an average of 11%.

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