Ripple CEO Brad Garlinghouse warns of potential US government action against Tether, the largest stablecoin issuer, amidst his reflections on his journey as Ripple's CEO and his confidence in the crypto industry's future.

Garlinghouse's Warning on Tether

In a recent conversation, Garlinghouse emphasized that the US government is likely to take action against Tether, which is crucial in the crypto sphere with its $111 billion USDT stablecoin. While the impact is uncertain, Garlinghouse acknowledges Tether's significance.

From Skepticism to Crypto Believer

Garlinghouse recalls his introduction to Bitcoin in 2012 and his initial skepticism. However, he was drawn to Ripple's approach, combining traditional finance with cryptocurrencies. Despite opportunities to work with companies like Uber, Garlinghouse was captivated by the Internet of Value concept and XRP token use cases. His journey as Ripple's CEO has been "lonely," lacking peer camaraderie.

Challenges and Triumphs at Ripple

Garlinghouse admits the SEC lawsuit marked a dark time, but transparency brought the company together. The partial victory on July 13, 2023, was a significant high point, moving him to tears.

Optimistic Outlook

Despite regulatory pressure, Garlinghouse is confident the SEC won't succeed in curtailing the crypto industry. He views challenges as mere bumps in the road and doesn't see quantum computing as a threat. Garlinghouse's journey and insights offer a unique perspective on the evolving crypto world.