Tether has appointed Jesse Spiro, a former PayPal executive, as its head of government affairs to lead policy and engagement with lawmakers, regulators, and key stakeholders.

The stablecoin issuer is expanding its government relations efforts with Spiro’s appointment. In a recent announcement, the company stated that Spiro will oversee Tether’s policy initiatives and engagement with lawmakers, regulators, and key industry stakeholders.

Before joining Tether, Spiro led regulatory relations for PayPal’s blockchain and digital currencies business. He also served as the chief government affairs officer at Chainalysis, a blockchain forensic firm that collaborated with Tether to monitor USDT transactions on the TRON blockchain.

“The ever-evolving legislative and regulatory landscape will continue to require strong collaboration between the public and private sectors.” – Jesse Spiro

Tether’s chief executive, Paolo Ardoino, commented on Spiro’s appointment, noting that Spiro’s expertise in government relations and blockchain technology will be invaluable as the company navigates the complex and rapidly changing regulatory environment.

Tether Reinforces Its Compliance Commitment

The appointment comes amid heightened scrutiny from U.S. lawmakers regarding Tether’s stablecoin and concerns about its potential misuse by countries like Russia, Iran, and North Korea to circumvent Western sanctions.

Recent actions by Tether aim to address these concerns, following allegations that Russian entities have been using USDT to evade sanctions and acquire components for drones and other equipment.

This development also follows the formation of the T3 Financial Crime Unit, a joint initiative by TRON, Tether, and TRM Labs. The unit aims to combat illicit activity related to USDT on the TRON blockchain by leveraging data, technology, and collaboration with law enforcement to disrupt illegal activities.

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