Tether Hires PayPal Veteran Jesse Spiro As Regulatory Scrutiny Continues
Portfolio Pulse from Murtuza Merchant
Tether has appointed Jesse Spiro, a former PayPal executive, as its new Head of Government Affairs amid ongoing regulatory scrutiny. Spiro's experience in regulatory relations is expected to help Tether navigate the challenges it faces in the US. Despite financial success, Tether's operations and reserve backing continue to be questioned.
September 13, 2024 | 6:06 pm
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Jesse Spiro, former Head of Regulatory Relations for PayPal's Blockchain and Digital Currencies Business, has been appointed as Tether's Head of Government Affairs. This highlights PayPal's influence in the blockchain regulatory space.
The appointment of a former PayPal executive to a significant role at Tether underscores PayPal's ongoing influence in the blockchain regulatory space. However, this news is more relevant to Tether than PayPal, resulting in a neutral short-term impact on PayPal's stock.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 50