Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'
Tether CEO Paolo Ardoino stated the company respects international sanctions and collaborates with law enforcement, acknowledging vulnerability to U.S. authorities. He emphasized Tether's compliance efforts, including onboarding the FBI and U.S. Secret Service. A Wall Street Journal report indicated a DOJ criminal investigation into Tether for potential sanctions violations, which Ardoino denied, calling the report "wildly irresponsible." Tether, with a $120 billion market cap, is a key player in the crypto market, and its U.S. Treasury holdings rank among the top 20 countries. Ardoino highlighted Tether's proactive measures against illicit finance and expressed hope that U.S. election outcomes will favor crypto understanding. He noted that Tether's growth necessitated partnerships with reputable custodians like Cantor Fitzgerald, led by Howard Lutnick, who affirmed due diligence on Tether. Ardoino believes Tether's financial inclusion efforts resonate with both political parties.
