Arbitrum Security Council Member: Circle Is Clearly Not Full of Good Men #digitalassets

Added: 2026-05-07

[00:00:00]Circle is not full of good men, apparently, because they are consistently doing nothing.

[00:00:05]>> When there aren't kind of security councils in place or elected people making the decisions, the alternative is kind of what centralized stablecoin issuers are kind of put in the position of and needing to figure out what to do when these hacks happen, too.

[00:00:17]>> If you have the power to solve this problem, you're responsible for solving it. Circle is not full of good men, apparently, because they are consistently doing nothing. Whereas Tether is freezing North Korea's funds left and right and recovering more than 70 million. And it's such a confusing thing cuz you would have thought it would be the other way around, but I think this actually comes to this situation of like Tether is really started by like DeFi native. I've been doing this for a long time and I think they still have certain values that are a little bit more traditional crypto native. There's a lot of drama around Tether. [laughter] They're not like other maxis. Also interesting to think about traditional crypto native. Yeah, I think it's a good term to use.

[00:00:55]>> It's kind of it is interesting because like the crypto native people who exist now that came from 2021, there's way more financially motivated than the the people who were there in 2013, 2012 that are really saw the value of this technology, how it could change the world. And uh I'll tell you, Circle, their origins are not crypto native.

[00:01:15]It's Goldman Sachs. So, they just have a different thing and it's all about how does this end up on the spreadsheet? And if freezing North Korea made them money, you know, I'm sure they would do it. Uh but instead, they just let it fly. I don't know what we have to do. If we all need to be selling USDC and not using it anymore, what we need to do to give them the market feedback to actually stop North Korea fund number one nuking our portfolios and number two nuking the world. Everyone loses in a bull in all ways uh by not stopping North Korea.