Tether's CEO Paolo Ardoino emphasized that they respect international sanctions and cooperate with law enforcement, stating that "if the U.S. wanted to kill us, they can press a button and kill us anywhere." This highlights Tether's position amid ongoing scrutiny while showing an understanding of their vulnerability to U.S. regulatory power. He underscored the importance of compliance, mentioning the onboarding of federal agencies to their systems, demonstrating a commitment to addressing concerns about illicit activities.
Ardoino remarked that Tether is doing "the best we can" to tackle illicit crypto usage, claiming USDT's role in such finance is "a drop in the ocean" compared to the U.S. dollar. He also stated that despite criticism, Tether has collaborated with agencies like the FBI and U.S. Secret Service, portraying an active effort to improve compliance mechanisms amidst allegations of criminal investigations and scrutiny from U.S. authorities.
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