Data: Tether's lobbying expenditure this year was $360,000, a year-on-year decrease of about 71%

According to ChainCatcher, Tether's market value increased by nearly $50 billion in 2024, and its investments, product lines, and political influence across various industries have also been enhanced.

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 the $1.24 million lobbying expenditure in 2023; expenditures in 2022 were $480,000. Tether hired a lobbying firm, DMM Consulting, in 2023, which also lobbied on behalf of El Salvador's Bukele government.

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.