The CEO of the USDT Stablecoin Issueer Tether would work with the American authorities to build laws on cryptographic assets pointed out with a dollar.
In a new article on the social media platform X, the journalist of Fox Business Eleanor Terrett reports that Paolo Ardodino and Tether “actively engage” with the American government on the best way to train stablecoins.
According to Ardoino, not only will Tether advise the Stablecoin bills unveiled this month, but the cabinet will comply with the law in which the regulations take place.
“We are going to work in the regulatory framework, and we will try to advise each of these field proposals to ensure that our voice is heard …
We are not going to simply throw in the towel and let death die just so as not to adapt to American legislation. But there is still a lot of uncertainty about what will happen, and we want our voice to be heard in the legislative process. »»
Last week, the representative Bryan Steil of Wisconsin and the representative French Hill of Arkansas published a project to discuss the stable law of 2025, which seeks to provide a regulatory framework for the program and the functioning of cryptographic assets pointed out A dollar in the United States. According to Terett, Tether is engaged in the discussion of the bill bill.
The Maxine Waters representative of California and Senator Bill Hagerty du Tennessee also presented this month the bills linked to the reserve of stables.
According to the report, compliance with the bills proposed from the point of view of Tether would mean submitting to monthly audits by an American accounting firm and maintaining a 1: 1 ratio of the active assets pre-approved by regulators.
Currently, the Tether website has a page entirely dedicated to transparency which updates data on its reserve assets daily. It shows that in December 2024, Tether has $ 143 billion in net assets and $ 136 billion in total liabilities.
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