Tether's CEO, Paolo Ardoino, recently explained wh y the company will not comply with certain regulat ory demands. He warned that a requirement for fina ncial institutions to maintain 60% of their reserv es in insured cash could lead to the collapse of t hese banks in the coming years. Ardoino emphasized that this decision is aimed at protecting Tether' s over 400 million global users. Additionally, he criticized the European Central Bank (ECB) for its push to implement a digital euro, suggesting that it is an attempt to exert control over the popula tion.