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TETHER HITS ROCK BOTTOM: Desperate Crytpo Company Adds Former PayPal Regulator to Try and Make Them Not Totally Corrupt

Crypto NewsFeaturedInstitutional Investors Linda Williams September 16, 2024

A of Jesse Spiro standing on the edge of a cliff with Tether's logo behind him, while below lies a chasm labeled 'Regulatory Scrutiny'. He is holding onto a rope marked 'Responsible Innovation' as he looks out at a landscape filled with cryptic symbols and dollar signs. A faint image of Paolo Ardoino can be seen in the distance, gesturing upwards.

Tether’s latest move is just another attempt by the crypto industry to polish its image after years of being accused of money laundering and scams. Hiring someone from PayPal might make it sound like they’re getting their house in order, but let’s be real – Tether has a history of shady dealings that goes far beyond regulatory relations with Jesse Spiro on board.

Source: cointelegraph

Tether onboards head of government affairs from PayPal
https://cointelegraph.com/news/tether-government-affairs-head-paypal
Stablecoin issuer Tether announced that Jesse Spiro will join the firm as its head of government affairs after three years at PayPal. In a Sept. 13 notice, Tether said Spiro would be responsible for “leading policy and engagement efforts with lawmakers, regulators, and key stakeholders” in his role at the company. He was the head of regulatory relations for PayPal’s blockchain and crypto business from 2021 to 2024 and worked […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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