Brian Armstrong

I actually like the Tether guys.

I actually like the Tether guys.

I think they've done a lot of good things in the world.

I think they've done a lot of good things in the world.

There's people who really are struggling with local currencies that have like 70%, 100% inflation year over year.

There's people who really are struggling with local currencies that have like 70%, 100% inflation year over year.

And so there was high demand for the dollar.

And so there was high demand for the dollar.

They got great distribution in a lot of the emerging markets.

They got great distribution in a lot of the emerging markets.

I actually think they've done a lot of good for the world.

I actually think they've done a lot of good for the world.

But yeah, it's not currently compliant under the Genius Act in the US.

But yeah, it's not currently compliant under the Genius Act in the US.

And so it doesn't follow those same 100% reserves in short-term US treasuries, is my understanding.

And so it doesn't follow those same 100% reserves in short-term US treasuries, is my understanding.

So people have to make their own determination on that.

So people have to make their own determination on that.

And I think other countries are following suit in terms of cleaning this up.

And I think other countries are following suit in terms of cleaning this up.