Tether Collaborates with US Lawmakers to Shape Stablecoin Regulations
Tether, one of the leading players in the stablecoin sector, is actively engaging with US lawmakers to help shape upcoming regulations for digital assets. According to FOX Business journalist Eleanor Terret, Tether CEO Paolo Ardoino has confirmed the company’s involvement in discussions with top legislators.
Ardoino emphasized the importance of ensuring Tether’s “voice is heard” in the regulatory process. He expressed a willingness to collaborate and make necessary adjustments to ensure the company’s continued compliance with the legal framework.
“We are committed to working within the regulatory framework and providing input on proposed legislation to ensure our perspective is considered,” Ardoino stated, referring to the three stablecoin bills recently introduced in Congress.
Representative Bryan Steil, chairman of the Financial Committee Digital Assets Subcommittee, confirmed Tether’s participation in discussions surrounding the STABLE Act, a bill co-introduced by Congressman French Hill. The proposed legislation aims to mandate that stablecoin issuers maintain reserves consisting of high-quality, liquid assets like US Treasury bills and insured deposits.
As the dominant player in the stablecoin market, Tether currently holds over $114 billion in short-term Treasury bills in its reserves, accounting for approximately 60% of the market share. However, if the proposed regulations are enacted, Tether may need to adjust its investment holdings, potentially selling off some of its Bitcoin and precious metals assets.
Under the proposed regulatory framework, Tether would be required to undergo monthly audits by a US accounting firm and maintain one-to-one reserves with assets approved by regulators. While the company currently provides quarterly assessments from accounting firm BDO, the new regulations would necessitate stricter compliance measures.
In response to concerns raised by JPMorgan analysts regarding Tether’s ability to comply with the new rules, Ardoino defended the company’s operations and emphasized the importance of understanding the regulatory process.
Progress of Three Key Stablecoin Bills
Three key stablecoin bills are currently under consideration in Congress, each proposing different approaches to regulating digital assets:
The STABLE Act, which has bipartisan support, aims to establish a regulatory framework for stablecoins and is currently undergoing review in a digital assets subcommittee hearing.
Senator Bill Hagerty’s GENIUS Act, introduced on February 4, 2025, seeks federal oversight of payment stablecoins while preserving state regulatory authority. The bill has garnered bipartisan backing and is a priority for passage within President Trump’s first 100 days in office.
Rep. Maxine Waters introduced a stablecoin bill on February 10, 2025, focusing on consumer protection and anti-fraud measures in the crypto industry. The legislation would require issuers to register and maintain one-to-one reserves backed by US currency or approved assets.
The GOP-controlled House and Senate are aiming to have a comprehensive stablecoin bill signed into law by April, signaling a concerted effort to regulate the rapidly evolving digital asset landscape.