The ramifications of a potential US crackdown against Tether, a noticeable player in the market for US debt, will extend beyond the digital asset industry (Bloomberg)

The potential US crackdown against Tether, a major player in the US debt market, will have far-reaching implications beyond the digital asset industry. US regulators and prosecutors have been taking legal actions against cryptocurrency companies over the past year, and Tether may be next in line for scrutiny.

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