The CEO of USDT Stablecoin Emittent Tether is reportedly working with US authorities to build laws on dollar-pegade crypto assets.
In a new one post On the social media platform X, Fox Business journalist Eleanor Terrett reports that Paolo Ardoino and Tether “actively get involved” with the US government on how to best form laws around Stablecoins.
According to Ardoino, not only Tether will advise on the Stablecoin bills presented this month, the company will follow the law in what way the regulation goes.
“We will work within the regulations, and we will try to give advice on every one of these field suggestions to ensure that our vote is heard …
We will not just throw in the towel and let Tether die just so as not to adapt to US legislation. But there is still much uncertainty about what will actually happen, and we want our vote to be heard in the legislative process. “
Last week, the representative Bryan Steil from Wisconsin and Representative French Hill of Arkansas Published A draft draft of the stable law from 2025, which is trying to provide a regulatory framework for the issuance and operation of dollar-peeled crypto assets in the United States. According to Terett, Tether is involved in the discussion about the draft bill.
Representative Maxine Waters of California and Senator Bill Hagerty Of Tennessee, Stablecoin-related bills also introduced this month.
According to the report, compliance with the proposed bills from Tether’s perspective would mean that they are handed over to monthly audits by a US accounting company and to maintain a 1: 1 relationship between reserves to assets that are pre-approved by regulatory authorities.
Currently the Tether Website has a page entirely dedicated to openness that updates data on its reserve assets daily. It shows that from December 2024, Tether has $ 143 billion in net assets and $ 136 billion in total liabilities.
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