Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved
Briefly

Tether plays a significant role in the current and future development of the digital economy and U.S. dollar hegemony. The ever-evolving legislative and regulatory landscape will continue to require strong collaboration between the public and private sectors.
CEO Paulo Ardoino emphasizes that the hire of government-affairs veteran Jesse Spiro reinforces the company's commitment to responsible innovation, amidst ongoing federal investigations.
While Tether faces reported investigations from U.S. authorities, no criminal or regulatory action has been produced against the company yet, according to conversations with leaders like Ripple's CEO.
Despite Tether's involvement in the stablecoin market, U.S. lawmakers remain at an impasse regarding regulations, contrasting with jurisdictions globally that have begun establishing stablecoin regulations.
Read at Coindesk
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