Friday marked the appointment of Jesse Spiro as the chief of government affairs at Tether, the world’s largest stablecoin. Spiro will supervise policy and engagement initiatives with legislators, regulators, and significant stakeholders in this role.
As stated in a company blog post, Spiro has accumulated more than six years of experience in regulatory and government affairs. Spiro’s most recent role was as Head of Regulatory Relations for PayPal’s Blockchain and Digital Currencies Business.
Before that, he served as the Chief Government Affairs Officer at Chainalysis, a blockchain analytics company.
Tether has partnered with TRON and TRM Labs to establish the T3 Financial Crime Unit, which is specifically designed to combat financial crimes. The unit is specifically dedicated to the investigation of illicit activity USDT on the TRON network.
It is probable that Spiro will provide Tether with a wealth of knowledge. His array of abilities may prove advantageous to Tether. As it establishes and expands its presence in the digital asset market and forges relationships with legislators.
“We are thrilled to have Jesse join the Tether team,” stated Paolo Ardoino, CEO of Tether, in response to Spiro’s appointment. Ardoino also commented, “His extensive knowledge of blockchain technology and government relations will be invaluable as we continue to navigate the complex and swiftly shifting regulatory environment.” “Jesse’s appointment serves to bolster Tether’s dedication to responsible innovation and leadership in the digital asset sector.”
In other news, Tether has announced the inaugural Plan ₿ event in El Salvador, which is scheduled to take place on January 30-31, 2025. The Sheraton Presidente Hotel, which is adjacent to San Salvador, will serve as the venue for the event.
This would be an exceptional gathering of influential figures, opinion leaders, and pioneers in the realm of peer-to-peer, Bitcoin, and other digital assets.
In collaboration with Phoenix Group and Green Acorn Investments, Tether recently introduced a new stablecoin backed by the UAE Dirham (AED). To improve remittance services, the stablecoin provides a cost-effective and expedient method for consumers to access AED.
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