Tether Hires Former Paypal Executive as Head of Government Affairs
Tether, the largest stablecoin in the world, announced on Friday that Jesse Spiro has been appointed head of government affairs. In this capacity, Spiro will oversee policy and engagement initiatives with legislators, regulators, and important stakeholders.
According to a company blog post, Spiro has over six years of expertise in government and regulatory affairs. Spiro’s most recently held position was as Head of Regulatory Relations for PayPal’s Blockchain and Digital Currencies Business.
Prior to that, he was Chief Government Affairs Officer at Chainalysis, a blockchain analytics company.
Tether announced the appointment of Jesse Spiro as head of government affairs, who will be responsible for leading policy development and working with legislators, regulators, and key stakeholders. Previously, Jesse Spiro served as head of regulatory relations for PayPal’s…
— Wu Blockchain (@WuBlockchain) September 13, 2024
Leveraging Spiro’s Expertise Amid Regulatory Challenges
Specifically to tackle financial crimes, TRON and TRM Labs have joined Tether to develop the T3 Financial Crime Unit. The unit is specifically focused on illegal activity USDT on the TRON network.
Spiro shared in a statement,
“The ever-evolving legislative and regulatory landscape will continue to require strong collaboration between the public and private sectors…Through education and engagement, I look forward to working with industry, lawmakers, and government agencies as we continue to grow Tether and the ecosystem together.”
Spiro is likely to contribute an abundance of knowledge to Tether. His skill set may be very useful to Tether. As it develops and grows its presence in the digital asset market and cultivates connections with legislators.
“We are excited to welcome Jesse to the Tether team,” Paolo Ardoino, CEO of Tether, commented on Spiro’s appointment, adding, “His deep expertise in government relations and blockchain technology will be invaluable as we continue to navigate the complex and rapidly changing regulatory environment. Jesse’s appointment reinforces Tether’s commitment to responsible innovation and leadership in the digital asset space.”
Tether Plan B Forum to be hosted in El Salvador
In related updates, Tether has announced the first-ever Plan ₿ event in El Salvador, planned for January 30-31, 2025. The event will take place in San Salvador at the neighboring Sheraton Presidente Hotel.
This would be a great gathering of pioneers, opinion leaders, and other important players in the world of peer-to-peer, Bitcoin, and other digital assets.
Recently, Tether launched a new UAE Dirham (AED) backed stablecoin in partnership with Phoenix Group, and Green Acorn Investments. The stablecoin aims to enhance remittance services by offering a low-cost, efficient way for users to access AED.
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