The post Tether to go under US jurisdiction no matter the company’s registration country appeared on BitcoinEthereumNews.com.

Tether, Inc. will have to go under US jurisdiction no matter its country of registration. The proposed US crypto legislation for stablecoins would regulate even entities with offshore registrations.  Tether, Inc. is registered in the British Virgin Islands, but may go under US jurisdiction. According to a new version of the Genius Stablecoin Act, which is still under review, the place of stablecoin issuance is irrelevant, and all assets will go under a new regime of regulation, coordinated with US financial authorities.  Tether will go under US jurisdiction, adding state-specific protections. | Source: US Congress The bill will also offer variations of protection laws depending on the host state where a stablecoin is used. Stablecoin issuers may have different regulatory regimes based on their state of registration, while host states may choose either the general protection regime, or their own set of protections.  The new bill differentiates stablecoins from securities and commodities, with plans to treat the assets as a tool for payments.  Stablecoin issuers do not currently depend on a jurisdiction to issue the tokens, but use the asset’s origin as a way to circumvent some of the local payment regulations. Currently, stablecoins are gaining more detailed regulation, though for some countries, legacy assets still see no major changes or restrictions.  Tether has shown readiness to issue US-compliant stablecoins Tether has already been scrutinized by the New York Attorney General, with a prolonged lawsuit that was settled right before the 2021 bull market. Now, Tether is one of the key players in crypto space, ready to cooperate with regulators. Recently, the token issuer added plans to launch a US-domiciled stablecoin. Additionally, Tether remains one of the large-scale buyers and holders of US debt.  Previously, stablecoin issuers were met with local restrictions to issuing and selling assets. In the case of…

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Filed under: News - @ May 12, 2025 9:26 am