Tether's CEO, Paolo Ardoino, expressed optimism regarding forthcoming sensible crypto regulations in the United States during a remote appearance at DC Fintech Week. He emphasized the importance of these regulations in protecting end-users and facilitating stablecoin innovations, which he believes are vital for people in regions lacking access to financial opportunities. Ardoino highlighted Tether's commitment to cooperating with law enforcement, detailing the firm's relationships with agencies in 45 countries, including the FBI and U.S. Secret Service. He defended Tether’s 104% over-collateralized reserves, primarily in U.S. Treasuries, asserting its resilience during significant market pressures. Ardoino also criticized European standards for stablecoin regulation, advocating for regulations that prioritize consumer protection. Meanwhile, Rep. French Hill noted the potential for crypto legislation to gain momentum during the congressional 'lame duck' session, with future priorities hinging on the upcoming presidential election.

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