Tether's Troubles in November 2022
It's depressing to me that there is such a vocal group of people cheerleading the demise of an industry that seeks to improve the financial system on a global scale.  Truly disheartening are the financially disenfranchised (and what I believe) young voices for whom any system would be better than the current.  It's to the extent that many think that attacking capitalism itself is the answer.<p>There is an incredible amount of fraud in crypto and it should be identified, stamped out and vigorously prosecuted.  But there is also genuine genius at work solving difficult problems for everyone's benefit.  It is terrible that people are losing money so easily and is a reminder that crypto isn't solving the problem of fools being parted from their money.  Presumably that's what laws and regulations do.