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Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'
LUGANO, SWITZERLAND – As crypto colossus Tether comes under renewed scrutiny, CEO Paolo Ardoino told CoinDesk that the company respects international sanctions and works closely with law enforcement, but acknowledged it is ultimately at the mercy of U.S. authorities.
"If the U.S. wanted to kill us, they can press a button and kill us anywhere," Ardoino said. "We are not going to fight the U.S."
More:
Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'
- Tether is doing "the best we can" to crack down on illicit crypto use, CEO Paolo Ardoino told CoinDesk. USDT's role in illicit finance is a "drop in the ocean" compared to the U.S. dollar's, he added.
- The company "doesn't expect any political favors by anyone," he said of Howard Lutnick's role in Donald Trump's campaign.
- A WSJ report Friday said Tether is under U.S. criminal investigation, which the company denied.
LUGANO, SWITZERLAND – As crypto colossus Tether comes under renewed scrutiny, CEO Paolo Ardoino told CoinDesk that the company respects international sanctions and works closely with law enforcement, but acknowledged it is ultimately at the mercy of U.S. authorities.
"If the U.S. wanted to kill us, they can press a button and kill us anywhere," Ardoino said. "We are not going to fight the U.S."
More:
Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button'
But the leading stablecoin issuer is comfortable holding its T-bills at a U.S. institution because it respects international sanctions, CEO Ardoino said in an interview.
www.coindesk.com