TLDR
- Tether’s leadership is working directly with Congress to influence upcoming stablecoin laws
- New bills from multiple lawmakers propose strict monthly audits and reserve requirements
- Tether holds $143B in assets versus $136B in liabilities as of late 2024
- Company pledges to adapt to whatever regulations emerge from Congress
- Three separate stablecoin bills are currently under consideration
The landscape of cryptocurrency regulation is shifting as Tether, the company behind the world’s largest stablecoin, steps forward to work with US lawmakers. Paolo Ardoino, Tether’s CEO, has confirmed the company’s involvement in ongoing discussions about new stablecoin regulations in Washington.
The move comes as Congress introduces multiple bills aimed at creating a framework for stablecoin oversight. Representatives Bryan Steil and French Hill have presented the STABLE Act of 2025, while separate proposals have emerged from Representative Maxine Waters and Senator Bill Hagerty.
These legislative efforts represent the first major attempt to create comprehensive rules for dollar-pegged cryptocurrencies in the United States. The STABLE Act, in particular, outlines specific requirements for companies that issue stablecoins.
Tether’s approach marks a departure from the traditional cryptocurrency industry stance toward regulation. “We are going to try to advise on every single one of these field proposals,” Ardoino stated in recent communications shared on X, formerly known as Twitter.
The company’s willingness to engage with regulators comes at a time when its USDT stablecoin maintains a dominant position in the crypto market. Tether’s transparency page reveals current holdings of $143 billion in assets against $136 billion in liabilities.
Fox Business reporter Eleanor Terrett has revealed that Tether is already participating in discussions about the STABLE Act’s draft version. The company’s early involvement suggests a proactive stance toward future regulation.
Ardoino emphasized that Tether plans to remain active in the US market regardless of regulatory changes. “We are not going to just throw in the towel,” he stated, indicating the company’s commitment to adapting to new rules.
Current Status and Future Requirements
The proposed legislation would introduce several new obligations for stablecoin issuers. Companies like Tether would need to submit to monthly audits by US-based accounting firms, a more rigorous standard than current practices.
Additionally, the bills would require stablecoin issuers to maintain strict reserve ratios. All assets held as reserves would need prior approval from regulatory authorities, ensuring they meet specific stability and liquidity requirements.
Tether has already moved toward greater transparency by maintaining a daily-updated webpage showing its reserve assets. This voluntary disclosure may position the company favorably as new regulations take shape.
The collection of proposed bills represents different approaches to stablecoin oversight. Each piece of legislation offers varying requirements for how companies must manage and report their operations.
Congressional interest in stablecoin regulation has increased as these digital assets play a larger role in cryptocurrency markets. The proposed rules aim to create standards for consumer protection and financial stability.
Tether’s engagement with lawmakers indicates the company recognizes the importance of participating in the regulatory process. Rather than resisting oversight, the firm appears to be taking steps to help shape future rules.
The timing of these legislative proposals coincides with growing attention to cryptocurrency regulation globally. US lawmakers are working to establish clear guidelines for digital asset companies operating within American markets.
These regulatory developments could set precedents for how stablecoins operate worldwide. Tether’s cooperation with US authorities may influence how other countries approach similar regulations.
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