Tether's CEO has sharply criticized the European Union's proposed deposit protection measures, equating the impact of such actions to 'spitting on a fire'. He voiced concerns over the fragility of the banking sector, particularly in light of recent failures that have sparked warnings about the potential for more instability. The CEO argues that while the EU's intentions to protect depositors are commendable, the underlying issues within banks are not addressed, thereby potentially leading to a false sense of security among consumers. He highlights the risks and vulnerabilities that could threaten user investments, emphasizing the need for a more robust approach to financial security that goes beyond superficial solutions. Tether continues to advocate for a transparent and resilient financial ecosystem, urging both regulators and consumers to consider deeper systemic problems rather than surface-level protections.

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