Tether Hires New Head of Government Relations

- Jesse Spiro, formerly of PayPal and Chainalysis, has been named Tether's new head of government relations.

- CEO Paolo Ardoino said the move underscores the company's commitment to "responsible innovation."

- Spiro stressed the importance of public-private collaboration amid changing regulations.

- Tether, the issuer of leading stablecoin USDT, is under intense scrutiny from U.S. authorities, but has yet to see any action.

- The U.S. continues to debate how stablecoins should be regulated, which could impact Tether's business model.