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Former SEC Head Calls Tether USDT a "Mammoth House of Cards" and Urges Regulators to Take Action

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once again, the SEC is taking action against one of the best-known stablecoins. This organization has been trying to regulate and control every single cryptocurrency for a long time. 

John Reed Stark, a former SEC official, has called for a ban on cryptocurrency companies offering stablecoin Tether USDT, citing concerns about the cryptocurrency's transparency and stability. Tether has been the subject of criticism and controversy in the past, with some experts calling it a "house of cards." Recently, Tether's CTO Paolo Ardoino responded to these criticisms by providing an Assurance Report to prove the cryptocurrency's reliability.


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