SEC Chair Paul Atkins says crypto stablecoins will "help to lower costs and lower risks in the market." "We can now move to an instantaneous, almost settlement payment versus delivery for securities, thanks to on-chain stablecoins."
#TetherUpdate Tether CEO Says GENIUS Act Positions U.S. for Digital Finance Leadership 📢
Tether CEO Paolo Ardoino praised the GENIUS Act as a major step for U.S. leadership in digital finance. He welcomed the law’s clear rules on reserves and audits and said Tether will launch a U.S.-compliant stablecoin. Ardoino believes the Act could set a global standard, boosting institutional trust and adoption.