Howard LutnickA Bitcoin supporter
BTC
$ 104,574.86
While the discussion covered a variety of issues, a The part of the aid -centered audience
USDT
$ 0.9971
Lutnick company, Fitzgerald singerManage great sums that go back. However, there has been There is no independent verification of how much fiduciary currency the company maintains on behalf of Tether.
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Going to this, Senator Maria Cantwell de Washington asked If Stablecoins must be subject to government audits.
Lutnick replied that he He totally admits audits and believes that Stablecoins must be completely backed by the US Treasury Bonds.. When it was pressed if the United States must implement a stricter process of what currently exists, “sure” replied.
Concerns about the use of Tether were also raised in illegal activities. In response, Lutnick compared him to blame Apple to criminals who use iPhones, arguing that Popular financial tools, including the US dollar, will be used for illegal purposes. He also clarified that his company does not have any heritage in the teapot.
Meanwhile, Lutnick expressed his confidence that Artificial intelligence (AI) will help the authorities track transactions and identify illegal activity within blockchain systems. He suggested that AI could become a useful tool to reduce crime linked to digital assets.
Some legislators, including Senator Elizabeth Warren, have expressed concern about Lutnick’s nomination due to Tether’s reported connections with illegal transactions. What were the concerns? Read the complete story.
Having completed a master’s degree in economics, politics and cultures of the Oriental Asia region, Aaron has written scientific documents that analyze the differences between Western and collective capitalism forms in the era after World War II.
With about a decade of experience in the Fintech industry, Aaron understands all the most important problems and struggles facing cryptography enthusiasts. He is a passionate analyst who is concerned about data -based content and based on facts, as well as the one who speaks for both web3 natives and for the newcomers of the industry.
Aaron is the reference person for everything and anything related to digital currencies. With a great passion for blockchain & web3 education, Aaron strives to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been summoned by multiple established means and is an author published. Even during his free time, he likes to investigate market trends and look for the next Supernova.
