Tether Partners with US Lawmakers to Shape Stablecoin Regulations
The post Tether Partners with US Lawmakers to Shape Stablecoin Regulations appeared on BitcoinEthereumNews.com.
Tether is the most prominent player in the stablecoin market. It has a market cap of nearly $142,009,666,873. A statement posted on X by acclaimed business journalist Eleanor Terrett reveals that Tether is working with US lawmakers to develop a clear stablecoin regulatory framework in the country. Interestingly, as many as three stablecoin bills were introduced in the US House and Senate in the recent past. Here is everything you should know about the development. 🚨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 Tether’s Role in US Stablecoin Regulation The X post by Eleanor states that Tether is working with US lawmakers to develop a clear stablecoin regulatory framework. In the post, Eleanor notes that 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…
Filed under: News - @ February 15, 2025 11:19 am