Tether Lobbies Congress as Stablecoin Regulation Discussions Heat Up

Tether, the company behind the largest stablecoin, is actively engaging with U.S. lawmakers as discussions around stablecoin regulation gain momentum.

Tether, the organization behind the world’s largest stablecoin, is engaging directly with U.S. lawmakers as discussions around stablecoin regulation intensify.

With Congress working on new legislation for fiat-backed digital currencies, Tether is seeking to influence the process.

The company is notably الضوء الأزرق الضار بالعينين concerned about transparency, as it has never undergone a full audit. Instead, it relies on quarterly reports from accounting firm BDO. Despite this, Tether continues to dominate the stablecoin market, accounting for about 60% of the sector, which is valued at approximately $230 billion. Moreover, its influence extends into traditional finance, with the company holding over $114 billion in U.S. Treasury bonds.

Paolo Ardoino, Tether’s CEO, confirmed that the company is directly engaging with key policymakers to provide input on the proposed regulations. He подчеркнул, что важность чего-либо stressed that Tether is committed to working within the regulatory framework and ensuring its perspective is considered. Last week, three different bills concerning stablecoin oversight were introduced in Congress, and Tether is actively involved in discussions surrounding these legislative efforts.

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Ardoino stated that the company is not looking to evade regulation but wants to help shape the rules that will define the future of the stablecoin industry. He acknowledged the uncertainty surrounding the final outcome but stressed the importance of being part of the conversation.

Congressman Bryan Steil, who leads the House Financial Services Committee’s Digital Assets Subcommittee, confirmed that Tether is participating in discussions related to the STABLE Act, a bill he co-authored with Congressman French Hill. Meanwhile, two other legislative proposals have been introduced—one by Republican Senator Bill Hagerty and another by Democratic Congresswoman Maxine Waters.

With lawmakers aiming to finalize the new rules as early as April, Tether could soon face more stringent transparency requirements, including a potential mandate for full monthly audits. The outcome of these discussions could have a major impact on both Tether’s operations and the broader stablecoin market.