The post Tether CEO Collaborates with US Congress on Stablecoin Legislation appeared on BitcoinEthereumNews.com.

TLDR Tether CEO Paolo Ardoino is actively collaborating with US lawmakers to help shape upcoming stablecoin regulations, expressing willingness to adapt to new laws Multiple stablecoin bills have been introduced in February 2025, including the STABLE Act by Representatives Steil and Hill Under proposed regulations, Tether would need monthly US audits and maintain pre-approved 1:1 reserve ratios Tether currently maintains a transparency page showing $143 billion in assets and $136 billion in liabilities as of December 2024 The company plans to participate in discussions about all field proposals to ensure their perspective is considered The chief executive of the world’s largest stablecoin issuer, Tether, has begun working with US lawmakers to help shape upcoming cryptocurrency regulations. Paolo Ardoino confirmed his company’s involvement in discussions surrounding several new stablecoin bills introduced in Congress this month. In February 2025, Representatives Bryan Steil and French Hill unveiled a discussion draft of the STABLE Act of 2025. This proposed legislation aims to create clear rules for how dollar-pegged cryptocurrencies can operate within the United States. The STABLE Act represents just one of several legislative efforts currently under consideration. Representative Maxine Waters and Senator Bill Hagerty have also put forward their own stablecoin bills this month, showing increasing legislative attention to this sector of the cryptocurrency market. Ardoino expressed Tether’s commitment to working within whatever regulatory framework emerges. “We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard,” he stated on social media platform X. The CEO emphasized that Tether has no intention of abandoning the US market due to regulatory challenges. Instead, the company plans to adapt to new requirements while actively participating in the legislative process. Regulatory Requirements and Compliance…

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Filed under: News - @ February 17, 2025 6:24 pm