Post
Topic
Board Altcoin Discussion
Re: Are we about to see another crash after the latest USDT news?
by
Beparanf
on 26/08/2022, 00:20:12 UTC
Recently the Tornado Cash case was a hot topic within our community and many of us thought it would be over with the frozen wallets.
However, today I was reading an article about Tether allowing the activity for the users in the mentioned platform, as it may be a short-term solution for those in need, it may seem as a collateral trigger for the US regulators towards Tether, if one of the biggest crypto markets in the world chooses to punish the biggest stablecoin at the time, how much lower do you think we will fall?

Source as reference: https://twitter.com/thetokenist/status/1562725412978843649?s=20&t=odhhuWQVbkZ4ueXuVBc_kw

I think that news is not sufficient to bring another crash because only few assets so far is affected on tornado crash compared to what happened on Luna crash that result to billion loss. Tornado cash is just a mixer which means only people that send there assets on regulated exchange will be affected and the rest will sit freely in there wallet except for those huge transaction which is shady imho. This news will just make the recovery slower compared than we experienced last week.