Tether's CEO, Paolo Ardoino, met with U.S. lawmakers at a high-profile lunch, signaling a shift in the cryptocurrency landscape under Donald Trump's administration. Historically regarded with skepticism, Tether seeks to reshape regulations, particularly around its stablecoin, as it aims to establish a significant presence in Washington. By collaborating with lawmakers like Senator Bill Hagerty, Tether hopes to influence legislation that supports its business model. The company is also enhancing its public relations efforts to reinforce its compliance with law enforcement, moving past its history of regulatory scrutiny and its previous settlement over fraud allegations.
Tether, once viewed with suspicion, is now gaining influence in Washington, pushing for favorable crypto regulations due to changing political dynamics under the Trump administration.
As President Trump has embraced the cryptocurrency industry, Tether is strategically positioning itself to reshape regulations and increase its foothold in the U.S. market.
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