There's no need, since Tether is part and parcel of the crypto universe (or ponzi qua kleptocracy according to the author's revelation). I personally don't subscribe to these conspiracy theories but truth can be stranger than fiction, especially when lies are automated at every waking moment. Can we really believe anything?
Stupid people tend to see everything as a conspiracy against them. He says they spent 1500 hours researching but they missed the gist of it. Tether which is the actual ponzi. The cryptos are legit, but they are propped up by Tether and price going up makes people believe all the silly things. People believe in ponzi schemes because they are getting the returns. And in crypto they believe in it because their assets are appreciating. And the major cause for that is Tether. And i think he is kind of right, but his understanding/perspective is kind of wrong. Maybe i could be wrong also, but i don't think i am.
The link for the second article may contain some kernels of truth. For example, seeing the crypto-curriences as a scam, a hustle. But that is not novel. What is novel, somewhat, is to view investment markets, securities industry, as regulated, safe for "widows ans orphans". The first head of the SEC was Joe Kennedy Sr. a power mad guy. Since then, it has progressively gotten worse. That attitude leads to careless investing. Cryptos are probably at the core on the current Ponzi environment. But not the cause. The cause is the derivative industry "Swaps". The problem with swaps (and all of fractional reserve Banking) is that the "Collateral" might (and often) is pledged multiple times. So the first time the Swap trade doesn't work out, the collateral gets called. And what happens if there are more swaps behind it also calling the same collateral? It is legendary in startup biotechs. Total shares outstanding plus shares shorted is more than authorized float. This kind of hustle used to be called counterfeiting. But now it's managed by a Goldman guy with an MBA from Wharton or Harvard, so now it's called economic expansion. Looking into my crystal ball (or TA chart), I see explosions ahead.
I would not put those two in the same group. Wharton is still respectable (maybe). Harvard has gone full-woke DEI and graduates only learn how to plagiarize everything (because systemic racism you know). It's not what it once was, something that used to be respectable where people actually had to 'earn' titles.
We are way beyond "Stocks and Bonds". The cheerleaders (CNBC, etc) call it "Financial Engineering". But it's just financial razzle-dazzle. It's not creating any wealth, just the illusion of wealth. And I don't care what school they went to.