Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
The U.S. company Circle would have an easier time than Tether choosing to comply with the stablecoin regulations proposed by U.S. Sens. Cynthia Lummis and Kirsten Gillibrand.Circle Internet Financial would have a distinct advantage over global stablecoin leader Tether under U.S. regulations along the lines being suggested by new legislation, according to one of the latest bill's authors, Sen. Cynthia Lummis .
"This is very much oriented towards a U.S.-regulated company, and so Tether, if it chooses to remain offshore … that's a business choice for them," Lummis said, and the company and token,, would presumably be picked up by other regulators and continue operating beyond the U.S. system."We're very focused on companies that are located and embedded in the U. S. economy."
While cryptocurrency legislation remains a longshot for this session of Congress, when viewing its current political turmoil, party divisions, workload and proximity to elections, several prominent lawmakers continue to issue optimistic statements.
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