The Tether CEO added he is optimistic, though, that USDT will remain listed on U.S. secondary markets, which he says are “very important for remittances.” As currently written, the Senate’s stablecoin bill would only ban non-compliant issuers from offering tokens directly to American users. The House bill goes farther, by banning the trade of such noncompliant tokens by custodial intermediaries like Coinbase, two years after the law goes into effect.

Have you had any moments of introspection today? Ouch! 💯