People familiar with Genius Act negotiations said Howard Lutnick and Bo Hines helped shape measures favorable to Tether, which controls about 60% of the global stablecoin market. According to NS3.AI, Trump signed the law a year ago this month, creating the first federal rules for stablecoins in a $300 billion marketplace.
Under the law's provisions, USDT may never be subject to regulation by U.S. authorities. Tether said it rejects any suggestion that its policymaker engagement was improper.
Howard Lutnick and Bo Hines Shaped Genius Act Measures Favorable to Tether, Report Says
2026-07-22 21:07:54
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