[vc_row][vc_column][vc_paragraph text=”Brock Pierce who is to run for presidency, has probably picked a bad time.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Does the candidate for US president have legal problems? “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Brock Pierce is an independent candidate, well-known venture capitalists and Tether developer.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The Supreme Court of New York has decided that Bitfinex and Tether have to admit the fact of concealing losses of users’ and corporate funds amounting to $850 million.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Despite there were no formal charges for illegal actions or fraud against the crypto entrepreneur, in the light of directive to address all the issues associated with stablecoin, it can be argued that Pierce is not the best crypto ambassador and will hardly bring any legitimacy to the industry.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Unlike Bitcoin and other cryptos, Tether was the first stable coin which, as reported, was tied to real US dollars. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Pierce has helped to develop a stablecoin to provide larger user access to crypto market since unlike traditional dollar, it can be instantly transferred while attempting to withdraw crypto. On the contrary, traditional banking services may take several days, and not the banks support such services.”][/vc_column][/vc_row]
