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Pascal Gauthier

Chairman & Chief Executive Officer, Ledger

Search every verified Pascal Gauthier interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a BFM Business interview, Pascal Gauthier discussed the launch of Ledger Stax, which he described as a security device that functions as a "second phone." He stated that the device is not intended to replace a primary smartphone but rather targets the security phone market, offering standard phone features alongside a Ledger Operating System to secure applications for money, messages, and identity. He also mentioned presenting "agent intent" at the Ledger Open event in Paris, which he framed as a way to address the risks of AI agents accessing sensitive user data. Addressing a recent hack, Gauthier acknowledged it was a "very sophisticated attack" involving a complex logistics setup and implants costing $40 in a few hundred products. He said Ledger proceeded with Ledger Open despite criticism, citing that the event had been planned for a year and that the company would not let hackers dictate its conduct. He noted that hacks are ongoing and that the goal is to improve security, while observing that attackers have stolen nearly $3 billion this year and reinvest in future hacks.

Recent appearances

Verified interview transcripts

Notable quotes

“we always overlook payments as if it's a given, but I still think that store value and payment with Bitcoin or Lightning or payment in general with crypto is the killer app. I mean, you have like a peer-to-peer global payment network.”

“so far everybody got it wrong to think that speculation over coins was actually crypto. I mean it is not crypto to speculate on FTT on FTX that's that's like the worst of financial speculation I guess. And and if to you crypto is just like buying an Apple stock I mean you know sure like you can do that but I don't think it's the use case for crypto and by the way like you know the the token only has value if you brin”

“The why of ledger is really freedom and so this is something that I you know increasingly got passionate about it is this is the reason why I got into crypto in the first place because I thought it was financial freedom for everyone, Bitcoin. But then I began to understand that this would never happen without ledger. And I think if you want to be self-s sovereign, if you want to own your crypto, if you want to own yo”

“L'Europe a une maladie de régulation et d'administration trop lourde et de complexité administrative qui rend la vie difficile aux entrepreneurs et au business. En règle générale, c'était Ronald Reagan qui disait 'Si ça bouge, taxez-le, si ça continue de bouger, régulez-le. Et si ça arrête de bouger, subsidiez-le.' Donc c'est un peu le moteur de l'Europe quoi.”

“We see that DeFi is taking every year a bit more from CFI. I believe and I think in this room we believe that DeFi will replace CFI at some point. Maybe it's going to take years, but you know, this is typically where we're going.”

“I think regulation didn't exist in the US. And I think it's a feature, not a bug. You know, to change the law in the US it's actually very difficult. And when you regulate you have to think about two things. You have to protect your citizens and you also have to protect your business. And I think the US in that regard, and this new administration is thinking about the two when I think Europe has regulated too fast pr”

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