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Paolo Ardoino, CEO of Tether, the leading issuer of crypto stablecoins, expressed optimism about the U.S. crafting favorable crypto regulations after the upcoming elections. Speaking at the DC Fintech Week, Ardoino emphasized the U.S.’s historical lead in technological innovation and stressed the importance of sensible crypto and stablecoin regulations. He highlighted the necessity for laws that protect end-users, noting that effective U.S. policies could set a global standard.
The push for tailored regulations comes amid concerns that current laws do not align with the unique aspects of cryptocurrencies. Ardoino added that his company is committed to enhancing transparency and compliance, amidst past regulatory challenges. With significant political contributions flowing into this election, the crypto industry eyes a supportive framework that could maintain America’s competitive edge in global technology.