Tether Founder Paolo Ardoino Says US Is Dropping the Ball on Crypto Regulation Amid Run-Up to Election

The founder and CEO of stablecoin company Tether (USDT) says that whoever wins in the upcoming US presidential election should support the growth of crypto.

In an interview, Paolo Ardoino says that while the US has always been the world’s prominent pack leader, it is not the case when it comes to crypto.

“The US has always been leading the technological development in every single field and I think that growing up, this is the first time in history that I see the US dropping ball.”

Ardoino says that one of the issues that he hopes the next US president will address is crypto regulation.

“Whoever will win the elections, I think it’s very important that crypto regulations—sensible crypto regulations and stable coin regulations, will come to fruition in a way that will protect the end users and will also help this incredible technology prosper and become very much the lifeline for hundreds of millions of people that lack the same opportunities of people living in the US and Europe.”

He says America’s crypto regulations will have a significant impact worldwide.

“The US has huge importance in this dialogue. Everyone, every single regulator in the world will look to the US for… regulations. So I hope that will come any time soon.”

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