Tether CEO: ”US is lagging behind on cryptocurrencies, but that will change after the election”

Paolo Ardoino, CEO of Tether, the world's largest stablecoin USDT issuer
Ardoino said cryptocurrency legislation may change after the upcoming US presidential election in November.
On the 22nd (local time), Arduino said at the DC Fintech Week Conference that day, "The United States has always led technological development in all fields.
But this is the first time the United States has made such a mistake," he said, criticizing the US approach to regulating crypto assets.
Nevertheless, Ardoino predicted that a cryptocurrency regulation bill could be prepared after the election. He said, "No matter who wins the election, we will have cryptocurrency regulation, rational cryptocurrency regulation, and
"It's very, very important that stablecoin regulation is done in a way that protects users," he said. "The U.S. is very important in this conversation. All regulators around the world need to be
"We will be watching the U.S. for appropriate regulations." The U.S. cryptocurrency industry has spent at least $130 million on lobbying during this election cycle,
Most of the money was used to support Republicans in swing districts in the Senate and House of Representatives. Republican presidential candidate Donald Trump has made passing crypto-friendly legislation a campaign promise, and
Her main party rival, Kamala Harris, has also voiced support for cryptocurrencies in a campaign pledge aimed at black male voters. Ardoino said the U.S. should be more open to cryptocurrencies and stablecoins.
If the government passes regulations that would allow blockchain to exist, it would serve as a vital lifeline to hundreds of millions of people, including my own company, Tether, who do not enjoy the same opportunities and good fortune as those living in the United States and Europe.
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