Former PayPal executive joins Tether as head of government affairs

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Tether named Jesse Spiro as head of government affairs. Spiro previously held key roles in the financial sector, including head of regulatory relations for PayPal’s blockchain and digital currency business and head of policy and regulatory affairs at Chainalysis.

The appointment is part of Tether’s strategy to strengthen its government relations efforts. Spiro will oversee policy and engagement efforts with lawmakers, regulators and key stakeholders, which he said is critical given Tether’s leading role in “the current and future development of the digital economy and the hegemony of the US dollar.” .

The company behind the world’s largest stablecoin by market capitalization recently teamed up with TRON and TRM Labs to form the T3 Financial Crime Unit, an initiative to combat financial crimes in the crypto sector, specifically targeting illicit activities related to of USDT on the TRON blockchain.

“The ever-evolving legislative and regulatory landscape will continue to require strong collaboration between the public and private sectors,” Spiro said in a statement. “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 expected to bring a wealth of experience to Tether, having spent over six years working in government and regulatory relations within the blockchain industry. As Tether expands its operations and influence in the digital asset space, its ability could effectively help Tether build and maintain relationships with decision makers.

“We are excited to welcome Jesse to the Tether team,” commented Paolo Ardoino, CEO of Tether, on Spiro’s appointment.

“His deep experience in government relations and blockchain technology will be invaluable as we continue to navigate the rapidly changing and complex regulatory environment. Jesse’s appointment reinforces Tether’s commitment to responsible innovation and leadership in the digital asset space,” added Ardoino.

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