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Tether Faces US Jurisdiction Regardless of Offshore Registration Under Proposed Stablecoin Bill
Tether Faces US Jurisdiction Regardless of Offshore Registration Under Proposed Stablecoin Bill
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Tether, Inc., the issuer of the world’s largest stablecoin, will be subject to US regulatory oversight regardless of its British Virgin Islands registration under the proposed Stablecoin Act. The legislation, currently under review, establishes a blanket jurisdictional claim over all stablecoin issuers serving US markets.
The bill introduces a state-by-state regulatory framework, allowing variations in consumer protection laws based on where stablecoins circulate. This extraterritorial approach marks a significant escalation in US crypto oversight, potentially forcing offshore entities to comply with dual regulatory regimes.
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