“This is very much oriented towards a U.S.-regulated company, and so Tether, if it chooses to remain offshore … that’s a business choice for them,” Lummis said, and the company and token, (USDT), would presumably be picked up by other regulators and continue operating beyond the U.S. system. “We’re very focused on companies that are located and embedded in the U. S. economy.”

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• Heimild: https://www.coindesk.com/policy/2024/04/18/sen-lummis-itll-pay-to-choose-circle-over-tether-under-us-stablecoin-proposal/?utm_medium=referral&utm_source=rss&utm_campaign=headlines