Insider: Tether Actively Engaged in Assisting US Stablecoin Regulation Efforts

BlockBeats News, February 15th, FOX Business reporter Eleanor Terrett posted on social media that Tether is working with U.S. lawmakers to influence stablecoin-related regulation.

Tether CEO Paolo Ardoino revealed to her that the company is now actively engaging with top legislators to discuss how best to craft the law. "We will work within the regulatory framework, attempting to provide input for every proposal in the stablecoin space to ensure our voice is heard." Regardless of the outcome, the company will comply with the law.

U.S. Representative Bryan Steil, chair of the Digital Assets Subcommittee in the House of Representatives, confirmed that Tether has indeed been involved in discussions of the draft of the STABLE Act proposed by himself and Representative French Hill last week.