Anyone know what's really going on with Tether's CEO secretly meeting senators about crypto laws?

This is exactly how Washington works unfortunately. Every major industry has lobbyists meeting with lawmakers - pharma, oil, tech companies all do the same thing. At least crypto is finally getting a seat at the table instead of being shut out completely

nah this is different. most companies don't have a history of literally lying to regulators about having billions in reserves. tether got caught red-handed and now they're trying to buy their way into the US market through political connections

The real issue is that we desperately need clear stablecoin regulations and Tether actually understands the technical challenges better than most lawmakers. Would you rather have regulations written by people who have never used crypto or by companies that actually operate in the space?

lobbying disclosure rules require reporting these meetings so if everything was above board why are we hearing about "secret" meetings through investigative reporting instead of public filings? Something doesn't add up here

Foreign companies influencing US financial regulations should be concerning regardless of whether you support crypto or not. We're potentially letting a company based in El Salvador shape American monetary policy

anyone else notice how tether went from being called a "criminal's go-to cryptocurrency" to suddenly being treated as a legitimate financial partner? money talks i guess 🤷‍♂️

Look at the bigger picture - Tether now holds more US Treasury bonds than entire countries. They're literally one of the largest buyers of American debt globally. That gives them significant economic leverage that goes way beyond just crypto markets

This situation perfectly illustrates regulatory capture - when the companies being regulated gain excessive influence over the regulatory agencies and lawmakers supposed to oversee them. It's a well-documented phenomenon where industry insiders end up writing rules that benefit their own interests rather than public welfare

Crypto twitter is defending this but imagine if facebook's ceo was having secret meetings with senators while they wrote social media regulations. Everyone would be screaming about corruption and conflicts of interest

The genius act supposedly has provisions that specifically benefit foreign issuers like tether while making it harder for domestic competitors. If that's true then these meetings weren't just lobbying they were crafting legislation for competitive advantage

been following tether since early days and their track record speaks for itself. Multiple investigations, settlement payments, opacity about reserves, connections to sketchy exchanges. Now they want to operate in the most regulated financial market in the world?

Crypto needs institutional adoption and that requires working with lawmakers whether you like the process or not. Tether has more real-world usage than any other stablecoin and ignoring them won't make crypto regulation better

The fundamental question is whether we want crypto regulations written through transparent public processes or through private meetings between wealthy crypto executives and politicians. This sets a dangerous precedent for the entire industry