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Tether Works with U.S. Lawmakers in Push for Clear Stablecoin Regulation

Published by
Vignesh S G

Tether, the largest stablecoin issuer, is stepping up its game in the U.S. With a market cap of nearly $142 billion, the company is actively working with lawmakers to shape stablecoin regulations. Business journalist Eleanor Terrett recently revealed in a post on X that Tether is directly involved in discussions to help create a clear regulatory framework.

This comes at a crucial time, as the U.S. House and Senate have introduced three different stablecoin bills in an effort to bring more oversight to the industry.

How does Tether come into the picture? Here’s everything you need to know.

Tether’s Role in US Stablecoin Regulation

According to Terrett, Tether CEO Paolo Ardoino confirmed the company’s commitment to supporting lawmakers in building a strong and effective regulatory framework for stablecoins.

He also stated that Tether plans to actively participate in discussions and provide valuable input to help shape these laws. Ardoino stressed that the company wants to make sure its voice is heard as the regulations take form.

Three Stablecoin Bills Under Review

In the past week, at least three stablecoin bills have been introduced in the U.S. House and Senate. These proposals aim to establish clearer rules for stablecoin issuers:

  • The STABLE Act, introduced by Congressman Bryan Steil and senior lawmaker French Hill, seeks to create a stablecoin regulatory framework with bipartisan support. The bill is currently under review.
  • The GENIUS Act, proposed by Senator Bill Hagerty, calls for federal oversight of payment stablecoins while allowing states to retain some control. This bill has also gained bipartisan backing.
  • Maxine Waters’ Stablecoin Bill would require issuers to register and maintain one-to-one reserves backed by U.S. dollars or approved assets, ensuring stability and consumer protection.

Reports suggest that lawmakers aim to finalize these bills by April, setting the stage for a more structured stablecoin market in the U.S.

Tether’s Role in Shaping Regulations

As stablecoin regulations move forward, Tether is making sure it plays an active role in the discussions. While the company remains committed to compliance, it is also advocating for its interests in shaping policies that will impact the broader crypto industry.

With new regulations on the horizon, the coming months will be crucial for stablecoin issuers and the wider cryptocurrency market.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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