How many ICOs actually claim to be backed by the US government? Tether and some ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		ddtaylor on May 16, 2018 \| parent \| context \| favorite \| on: HoweyCoins – An educational tool to alert investor... How many ICOs actually claim to be backed by the US government? Tether and some others claimed at one time to be redeemable for USD. Also, FWIW I'm not condoning or supporting Tether.

dragonwriter on May 17, 2018 [–]

Claiming to be redeemable isn't claiming to be backed by the US government. (USD is backed by the US government, but “redeemable FOR USD” isn't “USD”.)

ddtaylor on May 17, 2018 | [–]

I agree, Tether is simply the closest I have found to the joke claim on the SEC website, so I really don't know where they are getting that one from.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact