Key Points:
- Paolo Ardoino, a prominent figure in the cryptocurrency sector, received a warm welcome at the Cantor Fitzgerald Global Technology Conference in New York.
- He stated, “We’ve been through hell,” while discussing the scrutiny Tether has faced from U.S. regulators, noting previous settlement with the CFTC and NYDFS in 2021.
- While Tether is registered offshore, it holds significant ties to the U.S. Financial markets, including major investments in U.S. assets and partnerships with federal agencies to combat illicit activities.
During his presentation, Ardoino stood out not just for his seafood status but for his casual attire while addressing a crowd that likely placed financial riches on display.
“This is my first trip to America,” Ardoino remarked, expressing his sense of welcome.
Historically, the company has received scrutiny from various U.S. agencies, which has kept Ardoino’s visits limited. However, his recent trip included meeting with high-profile individuals and taking part in productive discussions regarding Tether’s future initiatives in sectors like artificial intelligence and asset tokenization.
Ardoino emphasized positive forecasts for the future, elaborating: “The outlook for this year is wonderful as well.”
Additionally, Tether announced a $775 million stake in U.S. video platform Rumble, indicating their ongoing expansion into influential sectors.
