Tether and Bitfinex request lessening of cash use restrictions imposed by injunction order

A letter from lawyers representing iFinex, the parent company of Bitfinex and Tether ($USDT), asked presiding justice Joel M. Cohen to grant leniency on cash restrictions following the New York AGO's investigation and allegations. The letter states that using only non-reserve funds for business activities is restrictive and not under the "AGO's purview to micromanage" Tether. iFinex argues that investments and asset purchases are a necessary feature of running Tether.