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Podcast: Raoul Pal: The Journey Man
Episode: Judge Orders Tether to Reveal Its Assets
Description: Judge Katherine Polk Failla of the United States District Court for the Southern District of New York has ordered Tether to produce financial documents establishing it has one U.S. dollar of reserves for each USDT stablecoin it’s issued. The order is part of a $1.4 trillion class-action suit filed by five traders who allege Tether issued USDT as part of a plan to inflate the price of Bitcoin. Tether calls it "a routine discovery matter in a meritless case." At the top of today’s Real Vision Crypto Daily Briefing, Ash Bennington and Marco Olivera assess the significance of t...