The U.S. government is “going after Tether,” according to Ripple CEO Brad Garlinghouse, a company planning to launch a stablecoin this year.
Brad Garlinghouse said he views Tether as an important part of the ecosystem and that its fate will be an "interesting one to watch."
Ripple CEO Brad Garlinghouse says it is “clear” that the United States government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets.“The U.S. government is going after Tether, that is clear to me,” he said without elaborating and stopping short of calling any possible U.S. action against Tether the next black swan. He instead called it an “interesting one to watch.
“I view Tether as a very important part of the ecosystem,” the Ripple boss said. He added he doesn’t know how to predict what impact potential U.S. regulatory action against Tether would have on the crypto ecosystem.Brad Garlinghouse speaking on the World Class podcast. Source: YouTube Tether Holdings Limited is the parent company for a web of similarly-named subsidiaries incorporated all over the world responsible for various operations in the issuance and management of the stablecoin Tether (in November 2022 that Manhattan-based U.S. Attorney Damian Williams took over an earlier Justice Department probe into Tether’s alleged concealment of crypto-linked funds from banks it used to move cash.
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