GENIUS ACT: WILL WE FINALLY GET TETHER AUDIT?
Tether is printing money. Even if Tether had committed criminal and gross negligence with their reserves, there is no reason they cannot set the story straight and pay fines (see: Binance). It sounds irrational for Tether not to have an audit and become a good corporate citizen, even if this means losing some profits.
This would be different if Tether's current existence solely depended on criminal activity, but this is unlikely today, even if it were true in the past.
There are countless examples of history. Large banks like HSBC and Bank of America have their roots in questionable activities.
Ps. Paolo promised us an audit back in 2017