Wu learned that Fox Business reporter Eleanor Terrett tweeted that Tether is working with US lawmakers to promote the regulation of stablecoins supported by fiat currencies. As the issuer of the world's largest stablecoin USDT, Tether has been controversial for not conducting a comprehensive audit and typically only provides quarterly financial evaluations of BDO. As the US Congress drafts a regulatory framework for stablecoins, Tether CEO Paolo Ardoino stated that the company is actively communicating with lawmakers, pushing for relevant bills, and committing to complying with the ultimately passed law. It is expected that the bill will be signed into law by President Trump as early as April. If approved, Tether will be subject to monthly audits by US accounting firms and maintain a one-to-one reserve with regulatory approved assets. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=37949