I'm a long term believer in bitcoin and therefore welcome FUD like this as an opportunity. But in the meantime as of last Friday in anticipation of this I've allocated the majority of my funds into Ethereum and Litecoin which seem to be containing my losses as of right now. The question is will this Tether collapse on the back of the Bitconnect disaster cause US regulators to drop the hammer? What do you guys think? Interested in hearing your views on this matter.
"The heads of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (SEC) are set to testify on cryptocurrencies during a U.S. Senate hearing next week." - Coindesk