Charles Michael, a partner at law firm Steptoe & Johnson LLC who represented the companies in the inquiry, said the settlement “resolves allegations about public disclosures” around Tether’s loan to Bitfinex.
“To the Attorney General’s office’s credit, after two and a half years of investigation, [its] findings are limited only to the nature and timing of certain disclosures,” Michael said. “And contrary to online speculation, there was no finding that Tether ever issued tethers without backing or to manipulate crypto prices.”
‘Enforcement 40’ for 2020
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