CoinDesk has joined a legal proceeding between NewYorkStateAG & tether_to as part of the publication’s effort to shed light on the reserves backing $78.4B of $USDT stablecoins. lvlewitinn & nikhileshde report
The FOIL request also asked for a copy of Tether’s submission to the NYAG in May 2021, when the stablecoin issuerThis breakdown was identical to what Tether sent the NYAG’s office in accordance withThe NYAG’s FOIL officer initially rejected CoinDesk’s FOIL request. The news organization appealed, and the appeals officer reversed the decision. In its petition, Tether
The filings were signed by the news organization’s chief content officer, Michael Casey, and submitted to the court by Lacy H. Koonce III and Olivia Hayes Franklin, attorneys at Klaris Law PLLC. They argued that “the requested information does not fall into any FOIL Exemption.”to explain why Tether’s documents should be made public.
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