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So someone recently announced that he will become another candidate for the U.S. presidency, and he is a creator of a popular altcoin, no less. But what makes Brock Pierce, the creator of Tether, all the more popular in the eyes of the U.S. financial industry, are the controversies surrounding his creation. And most people behind the industry are not liking it. (More information about Tether can be found in this wiki link.) For one thing, Tether itself has no solid proof of what it claims to be. As stated in the article I gave in the link below, there are already many attempts to audit the altcoin but failed, creating a feeling of uncertainty; that if something in it ever manifested itself in a negative way during Pierce's presidency should he ever get elected, there will be dire consequences. Still another concern is what will happen if Pierce becomes president. Cryptocurrencies will certainly gain a boost to its widespread acceptance in the U.S., but maybe for the Federal Reserve, this can threaten the supremacy of the U.S. dollar, and conflicts may arise which ramifications may not be at a good time for today's global situation. For these, and probably many other reasons, the New York appeals court approved investigation into Tether, apparently Pierce running as president serving as a stimulus for its increased priority. Should the U.S. government uncover any anomalies and act accordingly, this will not bode well for crypto users who have Tether (USDT) in their possession and for Bitfinex as well since they are also included in the investigation. source: https://www.forbes.com/sites/michaeldelcastillo/2020/07/09/ny-supreme-court-approves-investigation-into-10-billion-cryptocurrency-created-by-a-presidential-candidate/#3f4902e2783b