In a later interview with CoinDesk Campbell said while unintentional, “I think the problem is that it is the world [federal regulators] have created, and it’s important to surface that point.” While U.S.-licensed companies are getting “smacked around,” offshore companies like Tether, the issuer of the USDT stablecoin, are “just growing and growing and growing.”
Source: https://www.coindesk.com/policy/2023/02/15/former-paxos-exec-regulators-failed-to-address-crypto-collapses-now-theyre-going-after-on-ramps/?utm_medium=referral&utm_source=rss&utm_campaign=headlines