Investigation Alleges Tether Used 'Revolving Door' to Influence U.S. Stablecoin Regulation

An investigation has revealed that stablecoin issuer Tether allegedly used the 'revolving door' mechanism to influence the formulation of U.S. stablecoin regulatory frameworks. According to the report, several former government officials who had previously participated in U.S. financial regulatory decision-making have since served Tether as consultants or lobbyists after leaving office, with the primary task of securing tailored favorable rules for the company. The report did not disclose specific names or transaction amounts, but alleged that such actions could undermine regulatory neutrality. This incident has once again sparked concerns about compliance transparency in the stablecoin sector and the delineation of interests between regulators and market participants.