Tether is actively collaborating with US lawmakers to shape the regulatory approach toward these digital assets.
The company has been criticized for a perceived lack of transparency, as it has yet to conduct a full audit, instead relying on quarterly financial assessments from the global accounting firm BDO.
As Congress concentrates on drafting legislation to create a regulatory framework for stablecoins in the United States, Tether CEO Paolo Ardoino has indicated that the company is in active discussions with lawmakers to support the proposed legislation.
Ardoino has committed to ensuring Tether’s compliance once the laws are enacted. This legislation, anticipated to be signed by US President Donald Trump as early as April, would require Tether to undergo monthly audits by US-based accounting firms and maintain a one-to-one reserve with assets approved by regulators.
