Tether Works with U.S. Lawmakers in Push for Clear Stablecoin Regulation

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Tether, the largest stablecoin issuer, is stepping up its game in the U.S. With a market cap of nearly $142 billion, the company is actively working with lawmakers to shape stablecoin regulations. Business journalist Eleanor Terrett recently revealed in a post on X that Tether is directly involved in discussions to help create a clear regulatory framework.

NEW from me: Offshore stablecoin giant @Tether_to is working with U.S. lawmakers to influence how these fiat-backed currencies are regulated in the U.S.

The issuer of the world’s largest stablecoin $USDT has been a controversial figure in U.S. crypto policy circles due to an…

— Eleanor Terrett (@EleanorTerrett) February 14, 2025

This comes at a crucial time, as the U.S. House and Senate have introduced three different stablecoin bills in an effort to bring more oversight to the industry.

How does Tether come into the picture? Here’s everything you need to know.

Tether’s Role in US Stablecoin Regulation 

According to Terrett, Tether CEO paolo ardoino paolo ardoino Paolo Ardoino is the chief technology officer at Bitfinex. He graduated from the University of Genoa in the computer science program. Arduino became intimately concerned with cryptography and discovered distributed systems while undertaking research for a military project.Arduino began his career as a senior software developer at Bitfinex in 2014, and after two years, he was elevated to chief technology officer. He is also the commander, Bitfinex had a banner year in 2020, launching a staking service, institution-grade custody services, an open-source peer-to-peer streaming protocol, and a market surveillance tool, all under the technological supervision of Ardoino. In addition, the exchange earned headlines for conducting one of the largest Bitcoin transactions ever. Details: Organization: SwissBorgLocation: Lausanne, SwitzerlandEducation: Holds a degree in Computer Science and Engineering from a renowned universitySkills: Blockchain development, Smart contract engineering, Decentralized finance (DeFi), Cryptocurrency market analysis, Leadership in fintech and blockchain industries   Experience: Chief Technology Officer (CTO), SwissBorg (Date: 2018–Present)Blockchain ConsultantSoftware Engineer   FAQs 1. Paolo Arduino is who?SwissBorg's CTO, Paolo Arduino, is an expert in blockchain, DeFi, and cryptocurrency technology.2. What is Paolo Arduino's role at SwissBorg?SwissBorg's technical team is led by CTO Paolo Arduino, who specializes in blockchain and DeFi solutions. EntrepreneurDeveloper/ProgrammerFinanceChief Technology Officer confirmed the company’s commitment to supporting lawmakers in building a strong and effective regulatory framework for stablecoins.

He also stated that Tether plans to actively participate in discussions and provide valuable input to help shape these laws. Ardoino stressed that the company wants to make sure its voice is heard as the regulations take form.

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Three Stablecoin Bills Under Review

In the past week, at least three stablecoin bills have been introduced in the U.S. House and Senate. These proposals aim to establish clearer rules for stablecoin issuers:

• The STABLE Act, introduced by Congressman Bryan Steil and senior lawmaker French Hill, seeks to create a stablecoin regulatory framework with bipartisan support. The bill is currently under review.
• The GENIUS Act, proposed by Senator Bill Hagerty, calls for federal oversight of payment stablecoins while allowing states to retain some control. This bill has also gained bipartisan backing.
• Maxine Waters’ Stablecoin Bill would require issuers to register and maintain one-to-one reserves backed by U.S. dollars or approved assets, ensuring stability and consumer protection.

Reports suggest that lawmakers aim to finalize these bills by April, setting the stage for a more structured stablecoin market in the U.S.

Tether’s Role in Shaping Regulations

As stablecoin regulations move forward, Tether is making sure it plays an active role in the discussions. While the company remains committed to compliance, it is also advocating for its interests in shaping policies that will impact the broader crypto industry.

With new regulations on the horizon, the coming months will be crucial for stablecoin issuers and the wider cryptocurrency market.

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