{"id":140831,"date":"2024-10-29T17:30:01","date_gmt":"2024-10-29T15:30:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140831"},"modified":"2024-10-29T12:55:19","modified_gmt":"2024-10-29T10:55:19","slug":"if-the-u-s-government-wanted-to-kills-us-they-could-tether-ceo","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/if-the-u-s-government-wanted-to-kills-us-they-could-tether-ceo\/","title":{"rendered":"If the U.S. Government Wanted to Kills Us, They Could &#8211; Tether CEO"},"content":{"rendered":"<p>He <strong><a href=\"https:\/\/www.coindesk.com\/business\/2024\/10\/28\/tethers-paolo-ardoino-if-the-us-government-wanted-to-kill-us-they-can-press-a-button\/\" rel=\"nofollow\">stated<\/a><\/strong>, \u201cIf the U.S. wanted to kill us, they can press a button and kill us anywhere,\u201d and highlighted the company\u2019s collaboration with the FBI and Secret Service.<\/p>\n<p>This statement followed <em>The Wall Street Journal<\/em> <strong><a href=\"https:\/\/www.wsj.com\/finance\/currencies\/federal-investigators-probe-cryptocurrency-firm-tether-a13804e5\" rel=\"nofollow\">reporting<\/a> <\/strong>a DOJ investigation into Tether for potential sanctions violations, which caused a decline in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>and other cryptocurrencies. Ardoino later <strong><a href=\"https:\/\/cryptodnes.bg\/en\/tether-ceo-denies-investigation-rumours\/\">dismissed<\/a> <\/strong>the report as \u201cwildly irresponsible.\u201d<\/p>\n<p>Politico also <strong><a href=\"https:\/\/www.politico.com\/news\/2024\/10\/23\/howard-lutnick-trump-transition-scrutiny-00184985\" rel=\"nofollow\">raised<\/a> <\/strong>concerns about Howard Lutnick, CEO of Cantor Fitzgerald, which manages Tether\u2019s $80 billion in U.S. Treasury bills. Ardoino pointed out that Tether\u2019s holdings cannot evade scrutiny since they are ultimately linked to the Federal Reserve.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-140783\" href=\"https:\/\/cryptodnes.bg\/en\/ripple-and-secs-ongoing-battle-intensifies-with-sharp-criticism-of-gensler\/\" title=\"Ripple and SEC&#8217;s Ongoing Battle Intensifies with Sharp Criticism of Gensler\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/ripple-8-e1690453430664-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ripple and SEC&#8217;s Ongoing Battle Intensifies with Sharp Criticism of Gensler<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>He noted that illicit use of <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a><\/strong> is negligible compared to the dollar, citing significant fines imposed on major banks for their failures in monitoring money laundering activities.<\/p>\n<p>Looking ahead to the U.S. elections, Ardoino expressed hope that the winners will see the value of cryptocurrencies and stablecoins. Tether\u2019s substantial Treasury holdings position it among the top 20 holders globally.<\/p>\n<p>Ardoino emphasized that Lutnick\u2019s support for Tether\u2019s due diligence was crucial in its growth from a small issuer to a major player requiring a top-tier custodian. He believes that Tether\u2019s push for financial inclusion appeals to both parties and that upcoming regulations will likely be beneficial for the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether CEO Paolo Ardoino defended the company&#8217;s compliance with international sanctions amid renewed scrutiny, stressing that Tether\u2019s fate is ultimately in the hands of U.S. authorities.<\/p>\n","protected":false},"author":3,"featured_media":31624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[72,243,71],"coin_category":[],"class_list":["post-140831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-bitcoin","tag-federal-reserve","tag-stablecoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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