US ‘dropping the ball’ on crypto, but that should change soon: Tether CEO

Tether CEO Paolo Ardoino says the US has been lagging on crypto laws but thinks that could soon change after the November elections.

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The United States is behind the curve on crypto regulations but could begin to shape up laws after the elections, says Paolo Ardoino, CEO of the largest crypto stablecoin issuer, Tether.

“There is no place like the US,” Ardoino said during an Oct. 22 virtual appearance at the DC Fintech Week conference. “The US has always been leading the technological development in every single field.”

“This is the first time in history that I see the US dropping the ball,” he added concerning the country’s approach to crypto regulation.

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