Tether CEO: Will Trump support USDT without ruling out further development of business in the United States?

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With only 3 days left before Trump's official inauguration as President of the United States, the world is closely watching whether Trump will introduce any cryptocurrency-related policies on the day of his inauguration, fulfilling the friendly promises he made during the campaign period. Earlier, Bloomberg reported citing sources that Trump is planning to issue an executive order that will prioritize cryptocurrency and give the industry more say.

Tether Considers Expanding US Business

Against the backdrop of the pro-cryptocurrency Trump about to take office, according to Cointelegraph, Tether CEO Paolo Ardoino said in an interview with Bloomberg yesterday (16th) that Tether may consider expanding its business in the US, but will remain cautious until the regulatory environment is clear:

I can't rule out that Tether will slightly strengthen its presence in the US, but we will act cautiously. For now, we need regulatory clarity and guidance. We need to understand the upcoming laws in the US, and then make a decision.

At the same time, Ardoino also added that if the cryptocurrency regulatory environment in the US improves, it will be a great opportunity for Tether and similar companies:

This is a great opportunity for us to start focusing on the US environment and how it evolves.

Although Ardoino said he would be cautious about expanding his US business, it is indeed a positive signal affirming "Trump's performance in the cryptocurrency field". Because in October last year, Ardoino told the audience at the FinTech Week in Washington that there is no place like the US that has been leading the world in all areas, but is seriously lagging behind other countries in cryptocurrency regulation, and he said at the time:

This is the first time in history that I have seen the US fail.

Trump Reportedly Introduces Policies Favorable to Cryptocurrency

As for what decisions Trump might make after taking office? Bloomberg cited informed sources saying that Trump is planning to issue an executive order that will prioritize cryptocurrency and give the industry more say. The executive order may consider:

  • Establishing a national Bitcoin reserve
  • Requiring government agencies to review existing digital asset policies
  • Suspending any legal proceedings related to cryptocurrency

According to the information, the executive order may be issued as early as the day of Trump's inauguration ceremony, but it has not been finalized yet and may be subject to changes before the official announcement.

Additionally, according to The New York Post, citing sources, Trump is currently open to the idea of prioritizing support for US-based cryptocurrency companies, including Solana, Ripple, and USDC, after he takes office, and has met with the founders of these companies in recent weeks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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