Not surprising there's a lot of interest for Tether, says Pantera Capital's Cosmo Jiang

For more, let's bring in Cosmo Jang, general partner at Panta Capital, which invests exclusively in Bitcoin digital currencies and companies in the blockchain ecosystem. Cosmo, great to have you with us. You're very familiar uh with the Tether team.I'm wondering in terms of this valuation, which seems eyepopping to say the least. Um, how much of it is a bet on Tether itself, the stable coin, and how much is tied up with the connection to Washington and the perception that they could get favorable treatment ...