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Posted on 04/23/2026 8:57:40 AM PDT by delta7
The stablecoin issuer said the action followed U.S. law enforcement requests as global watchdog FATF warned of growing role of digital dollars in illicit money flows.
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Best to stick with honest, real money. Remember those " no fly" lists? Who you going to call? Hillarious.
“If you can’t pick it up and run with it you don’t really own it.”
Heinlein.
L
To date .gov has seized more than $4.4 billion in thin air accounts.
“Tether works with more than 340 law enforcement agencies across 65 countries. That cooperation has supported more than 2,300 cases globally, including over 1,200 tied to U.S. law enforcement, and has led to the freezing of more than $4.4 billion in assets, including over $2.1 billion connected to
U.S. authorities....”
You can shut down Tether. You aren’t shutting down Bitcoin.
It’s a feature, not a shortcoming.
Yes…this leads to some illicit activity. But so doesn’t $100 bills. I would rather have a way to exchange value that is private and cannot be controlled by any government.
Heinlein.”
Hidden rare coins cache
In 2014, a day laborer sold a box of 58 rare coins to a Philadelphia thrift shop for $6,000, which he said he had found while clearing out the basement of a house in New Jersey. In 2017, when the thrift shop announced they were to auction the coins and they actually valued at $2.5 million, Armstrong came forward to declare himself the rightful owner. He claimed that he had hidden the coins in his mother’s old house to take them “off the books” in anticipation of the public offering of his firm. The thrift shop sued Armstrong, asking the court to declare the thrift shop as rightful owners while Armstrong counter-sued, also seeking ownership. In 2019, the U.S. government learned about the coins and claimed them as part of the treasure hoard Armstrong had refused to hand over in 1999, and for which he had served seven years in jail for contempt. In addition to rare coins, the treasure hoard, valued at $12.9 million, included 102 gold bars, 699 gold coins, and an ancient bust of Julius Caesar.[21][22] Armstrong was deposed. According to Receiver Alan M. Cohen, Armstrong admitted hiding the coins. Armstrong’s attorneys said in a court filing that Armstrong did not make this admission. The auction house now possesses the coins and the U.S. government filed suit to take possession.
Wiki
No way no how was any government going to allow its regulated fiat money to freely compete with a privately managed money. Governments the world over barely allow private ownership of gold.
true and anyone who things a CBDC is a good idea needs their head examined no matter what the premise or supposed benefits are
A tether is a rope you use to hold something down, control it, and make it submit.
They really can’t resist rubbing our faces in it...
Governments the world over barely allow private ownership of gold.
———
Not true, China, Russia, Switzerland you can walk into a bank , exchange your paper currency for sovereign gold coins, and vice versa.
My distant relatives in China and Russia have been doing that for years.
Try that at a US bank.
It's a bit hypocritical for you do be demanding people stick with fiat like dollars, when virtually all dollars now are electronic and controlled in the same manner by centralized institutions. Or have you forgotten about "debanking" and the way the Canadian government skipped due process in freezing the accounts of dissidents, for example?
Yes, what Tether did was wrong, and people will take note and act accordingly. If a stablecoin issuer makes a habit of freezing funds every time some law enforcement agency - or anyone claiming to represent LEO! - makes a request, then obvious abuses and frauds will occur and people will learn soon enough to avoid it. With plenty of stablecoin competition, and increasing adoption of decentralized cryptocurrencies, the free market will solve this problem naturally.
Interesting.
But what does it have to do with my post?
L
“But what does it have to do with my post?”
The irony. He took it.
Ah.
L
I could not understand the title....so it’s about funny money.
Heinlein....in a world ruled solely by guns I have no real money in the bank or retirement accounts. I can’t spend the statements.
like bitcoin, which cannot be censored in this manner.
Bitcoin, or other coins, can be held in a decentralized wallet but when you move them to an exchange such as Kraken or Coinbase with KYC they can make you prove where they came from before releasing them. I am a huge crypto fan and use it but I hate the way the exchanges are regulated. Even more so than banks in some instances. I would prefer no regulation unless theft is proven first.
So don’t use centralized exchanges (or only briefly for fiat on/offramp activity). Never, ever leave funds on a centralized exchange beyond the minutes or seconds needed to conduct a TX. Defi is the way to go. Or just skip exchanges entirely. There’s a reason Satoshi’s whitepaper had “peer-to-peer” right in the title!
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