CoinVoice has recently learned that Tether's market value increased by nearly $50 billion in 2024, with enhanced investments, product lines, and political influence across various industries.
According to data compiled by OpenSecrets, Tether seems to have slowed down some lobbying activities this year, spending only $360,000 on FTI government affairs. This is a decrease of about 71% compared to $1.24 million in lobbying expenditures in 2023; spending was $480,000 in 2022. Tether hired a lobbying firm, DMM Consulting, in 2023, which has also lobbied for the Bukele government of El Salvador.
In the same year, Tether's sister company Bitfinex Securities became the first 'digital asset service provider' in El Salvador, obtaining a license that allows it to trade tokenized securities. Meanwhile, Tether made investments in the country, including Volcano Energy, which utilizes geothermal energy for Bitcoin mining. [Original link]