The post Tether’s U.S. Jurisdiction Under ‘Genius Stablecoin Act: UNCHAINED’ – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Tether falls under U.S. jurisdiction with new legislation. Potential impacts on crypto stability and operations. Expert insights on financial compliance challenges. A recent legislative update, dubbed the “Genius Stablecoin Act: UNCHAINED,” has extended U.S. jurisdiction to encompass the operations of Tether, irrespective of its base location. The development was reported by ChainCatcher on May 9, 2025. The act stands to reshape how Tether operates, subjecting it to U.S. legal frameworks that may affect its global stability and usage. This move, spotlighting regulatory risks, could impact other stablecoins in similar operational quarters. New Legislation Places Tether Under U.S. Legal Framework The “Genius Stablecoin Act: UNCHAINED” has reportedly extended U.S. jurisdiction to Tether’s operations, aiming to boost regulatory oversight and address compliance issues. This step is part of broader efforts to bring stability and transparency to the volatile crypto ecosystem. Market experts are evaluating the potential changes this legislative move may impose. If enacted, Tether would need to adhere to U.S. financial regulations regardless of its headquarters, possibly impacting its transaction policies and user base. Community feedback varies, with some seeing it as a necessary regulatory step while others view it as an overreach. A prominent industry analyst commented, This could significantly change stablecoin operations and their place in the financial market ecosystem. Stablecoin Market Faces Scrutiny with U.S. Jurisdiction Change Did you know?A similar legislative consideration in 2020 pushed Tether to reveal its reserves for the first time, highlighting the critical role of regulatory pressures in stablecoin disclosures. As of May 10, 2025, Tether USDt (USDT) maintains a constant price of $1.00 with a market cap of $149.73 billion. Current dominance stands at 4.56%, while its 24-hour trading volume reached $116.57 billion. Recent data from CoinMarketCap indicates stable performance with minor fluctuations: a 0.01% increase in 24 hours and…

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Filed under: News - @ May 10, 2025 6:25 am