Peter Sin, co-founder of the Singapore bitcoin club, says that if the authorities find out that Tether has a violation, the company's tokens may quickly fall in price. Time will tell who was right, but some observers welcomed the CFTC's decision to go deeper into this business. Ursula McCormack, Hong Kong partner of the law firm King & Wood Mallesons, advising on ICO issues and block projects, believes that "the formal request of the regulator is useful, because it will be followed by this or that certainty."
The fall of bitcoins has already worked this news. If the regulators find that everything is good or minor comments, then the price will return to its highs.