Tether Hires PayPal's Jesse Spiro to Strengthen Government Relations Amid Scrutiny
TL;DR
- Tether has appointed Jesse Spiro from PayPal to lead its government relations amid ongoing scrutiny from U.S. authorities.
- Despite investigations, Tether has not faced formal actions and emphasizes its proactive engagement with law enforcement.
Tether has appointed Jesse Spiro, a government-affairs expert from PayPal, to enhance its government relations as it faces scrutiny from U.S. authorities. Spiro's experience includes overseeing regulatory relations in PayPal's blockchain division, and he aims to position Tether strategically amid evolving regulations.
Despite ongoing investigations, Tether has not encountered any formal regulatory actions. Tether's CEO, Paulo Ardoino, asserts the company's commitment to working with U.S. law enforcement to combat criminal activities, countering concerns raised by industry leaders like Ripple's Brad Garlinghouse.
As global regulations for stablecoins evolve, the U.S. struggles with legislative progress due to a lack of consensus among lawmakers. Proposed regulations could impose stringent oversight on stablecoins, potentially conflicting with Tether's offshore business model. The future of such legislation remains uncertain, particularly in the Democrat-controlled Senate.
---
Follow for the latest news! đ
#BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #GrayscaleXRPTrust #CPI_BTC_Watch
