Encrypted Signal messages cited in Senator Blumenthal's inquiry indicate Tether CEO Paolo Ardoino instructed Nxum Group to aggressively oppose opponents of the GENIUS Act, the federal stablecoin legislation

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.

The money and influence the crypto industry deploys in politics, from campaign donations and super PACs to revolving-door hires.