What would happen if the US decides to go after Tether (USDT)?

Tether, with their largest asset class being USDT, is in my humble opinion, a very likely target for the SEC.

The SEC is going after securities. A security, by definition, is: "a certificate or other financial instrument that has monetary value and can be traded".

I believe that USDT would fall under this category perfectly, considering it is a Stablecoins. Other Stablecoins have already been referenced as securities by the SEC.

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What would happen if USDT is attacked:

• A crypto crash. With a market cap of over 83 BILLION USD, an attack on Tether could spell doom on the entire crypto industry
• USDT would likely de-peg due to a large selling volume
• We would probably shift to more algorithmic Stablecoins (UST flashbacks), as they are not controlled by a central entity

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Why this might actually be likely:

• The SEC has proven itself to not be scared of going against large crypto organization
• Other Stablecoins have been referenced as securities
• USDT is the largest one, so might be used to set as an example
• The disruption of attacking USDT could be enough of an effect to satisfy the SEC

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I hope I am wrong. Lets see what happens