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For whatever reason, the current US administration seems to have decided it’s better to keep Binance and Tether around than to bring down the full force of the law. The next administration is going to be more crypto-friendly. I don’t think this is going to happen.

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I have noticed them go after the entities Tether uses as intermediaries like Silvergate, then Binance, then Tron, then $TON etc so they're fighting the good fight.

My guess is when Coinbase gets "hacked" there will be enough political pressure to clean house and enough Dems in power to do it. Fingers crossed that those hacked funds will still be insufficient to fill redemption requests because that's the only way the stablecoin goes under without seizure of reserves.

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