Tether hired former PayPal and Chainalysis executive Jesse Spiro to oversee policy and regulatory relations

Lead policy and engagement initiatives with legislators, regulators, and critical stakeholders will be Spiro’s responsibility.

Friday, Tether, the issuer of the world’s largest stablecoin, revealed the appointment of Jesse Spiro as director of government affairs. Spiro will be accountable for the coordination of policy and engagement initiatives with legislators, regulators, and critical stakeholders in this capacity.

According to a company blog post, Spiro has more than six years of experience in government and regulatory relations within the blockchain sector.

Spiro was most recently the Head of Regulatory Relations for PayPal’s Blockchain and Digital Currencies Business for a period of three years. Prior to this, he served as the Chief Government Affairs Officer at Chainalysis, a blockchain analytics company.

“Tether plays a crucial role in the present and future growth of the digital economy and U.S. dollar hegemony,” said Spiro. “The public and private sectors will continue to necessitate robust collaboration in order to navigate the constantly changing legislative and regulatory environment. I am enthusiastic about the prospect of collaborating with industry, legislators, and government agencies to further the development of Tether and the ecosystem through education and engagement.”

USDT, the world’s largest stablecoin, is issued by Tether and has a market capitalization of $118 billion, as indicated on The Block’s USDT price page. In July, the organization’s quarterly attestation disclosed that it had generated a record-breaking net profit of $5.2 billion during the initial half of 2024. This expansion enabled Tether to double its current personnel by mid-2025, reaching approximately 200 employees.

Most recently, Tether collaborated with TRON and TRM Labs to create the T3 Financial Crime Unit (T3 FCU), an initiative that aims to encourage public-private partnerships in order to combat illicit activities linked to the use of USDT on the TRON blockchain.

“We are thrilled to have Jesse join the Tether team,” stated Paolo Ardoino, CEO of Tether. “His profound knowledge of blockchain technology and government relations will be indispensable as we continue to negotiate the intricate and swiftly evolving regulatory landscape.”

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