Sources: Tether US supports draft market structure bill banning stablecoin yields
Foresight News reported, citing Brogan Law, that Tether's US business division met with senators and their staff, expressing support for the current market structure bill draft and raising no objections to the bill's prohibition on stablecoin yields. Sources revealed that Tether is seeking to establish partnerships with banks for its USAT token. In addition, during meetings with senators, Tether US also clearly distanced itself from a certain exchange, stating its disagreement with the public withdrawal of support for the current market structure bill draft by the exchange's CEO, Brian Armstrong.
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