Key takeout
Tether is actively involved with US lawmakers regarding regulations on the new Stablecoin. The proposed regulations require tethers to be audited monthly to maintain a one-to-one reserve.
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According to Fox business journalist Eleanor Terret, Tether is working closely with US lawmakers to help shape future Stablecoin regulations. Tether CEO Paolo Ardoino confirmed his active involvement with the company’s top lawmakers.
The company hopes to “hear the voice” along the way, Ardoino said it has expressed its willingness to compromise and adjust to ensure continued operation within the legal framework.
“We’re going to work within a regulatory framework. We’ll try to advise on all of these field proposals so that we can hear them,” said Ardoino, who recently introduced the three Stablecoins in the House. I spoke to Bills. Senate.
Rep. Brian Steele, chairman of the Financial Committee’s Digital Assets Subcommittee, confirmed Tether’s involvement in the stable law debate he co-reported with French Rep. Hill.
The proposed law requires term coin issuers to maintain reserves consisting solely of high-quality liquid assets, such as US Treasury bills and insured deposits. The dominant player in the Stablecoin sector is USDT, which accounts for around 60% of the market share, and currently holds short-term Treasury bills of over $114 billion in reserves.
JP Morgan analysts suggest that if the proposed US stable regulation passes, Tether may need to sell bitcoin and some of its precious metal holdings to comply with the new rules .
Currently providing quarterly valuations from accounting firm BDO, the company submits monthly audits from accounting firms in the US and 1:1 with regulatory approval assets under the proposed framework. You need to maintain your reserves.
In response to JPMorgan’s report, Ardoino argues that their conclusions indicate a misunderstanding of the company’s operations and regulatory processes.
Track the progress of three important invoices
Three Stablecoin bills are underway through Congress, each proposing a different approach to regulating digital assets.
The stable law seeks to establish a stable, ridiculous framework with bipartisan support. The bill precedes Waters’ proposal and is under review prior to a hearing from the Digital Assets Subcommittee.
Introduced on February 4, 2025, Senator Bill Hagerty’s Genius Act proposes federal oversight of payment stability while maintaining state regulators. The bill has gained bipartisan support and prioritizes passing within Trump’s first 100 days of office.
Rep. Maxine Waters introduced the Stablecoin Bill on February 10, 2025. This requires the issuer to register and maintain a one-to-one reserve supported in US currency or approved assets. The law focuses on consumer protection and prevention measures in the crypto industry.
The House and Senate, governed by the GOP, are targeting the bill for signing the law in April.
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