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Learn More: https://www.gate.io/article/44878
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The latest stablecoin bill aims to bring Tether under U.S. jurisdiction.
Gate.io News bot message, according to the crypto assets media Unchained report, the latest revised "Genius Stablecoin Act" shows that Tether will fall under the jurisdiction of the United States. The act stipulates that regardless of where Tether's actual registered location is, it must comply with the jurisdiction of U.S. regulatory authorities.