Tether Engages US Lawmakers to Shape Crypto Regulations

Tether, the world's largest stablecoin issuer, has begun collaborating with US lawmakers to help shape upcoming cryptocurrency regulations. Paolo Ardoino, Tether's CEO, confirmed the company's involvement in discussions surrounding several new stablecoin bills introduced in Congress this month.

In February 2025, Representatives Bryan Steil and French Hill unveiled a discussion draft of the STABLE Act of 2025. This proposed legislation aims to create clear rules for how dollar-pegged cryptocurrencies can operate within the United States. The STABLE Act represents just one of several legislative efforts currently under consideration, with Representative Maxine Waters and Senator Bill Hagerty also putting forward their own stablecoin bills this month, indicating increasing legislative attention to this sector of the cryptocurrency market.

Ardoino expressed Tether's commitment to working within whatever regulatory framework emerges. "We are going to work within the regulatory framework, and we are going to try to advise on every single one of these field proposals to make sure that our voice is heard," he stated on social media platform X. The CEO emphasized that Tether has no intention of abandoning the US market due to regulatory challenges, instead planning to adapt to new requirements while actively participating in the legislative process.

According to Fox Business journalist Eleanor Terrett, Tether is already engaging in discussions about the STABLE Act's draft version, suggesting the company's proactive approach to upcoming regulations. The proposed legislation would require stablecoin issuers like Tether to undergo regular oversight, including monthly audits conducted by US accounting firms to verify their financial status and operations. Another key requirement in the proposed regulations would mandate stablecoin issuers to maintain a strict 1:1 ratio between their reserves and assets, with these reserves needing prior approval from regulators.

Tether has already taken steps toward transparency in its operations, maintaining a dedicated webpage that provides daily updates on its reserve assets and financial position. As of December 2024, this transparency page showed Tether holding $143 billion in net assets against $136 billion in total liabilities, demonstrating the company's current reserve position as discussions about new regulations continue.

The introduction of these bills marks an important step in creating clear rules for stablecoin operations in the United States. The legislation aims to establish standards for how companies like Tether can legally issue and manage dollar-pegged cryptocurrencies. Ardo