> Tether effectively evaded future SEC oversight by withdrawing from the U.S. market and operating outside U.S. jurisdiction
U.S. "jurisdiction is triggered when a payment in U.S. dollars [takes] place and the U.S. financial system [is] used" [1].
EDIT: Tether withdrew from New York State's jurisdiction as part of its settlement with the New York AG [2], not to be confused with the U.S. attorney based in Manhattan.