> But to take an example, at this point tether is generating 75mm a year for free for it owners at 0 risk. It's the crypto equivalent of a "free" checking account that doesn't pay interest.
It sounds more like an ETF than a checking account since the coins are directly tied to a "basket". If the SEC agrees, they'll likely eventually require that the dividends and interest from the basket go to the coin owners.
It sounds more like an ETF than a checking account since the coins are directly tied to a "basket". If the SEC agrees, they'll likely eventually require that the dividends and interest from the basket go to the coin owners.