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Tether is considering establishing a new entity in the United States to create a new channel for engaging in political donations.
BlockBeats News, October 29th, according to Bloomberg, Tether is considering setting up an entity in the United States to participate in political donations related to the 2026 U.S. midterm elections. Tether CEO Paolo Ardoino stated that the company is dissatisfied with the cryptocurrency industry's major political action committee (PAC) Fairshake, calling it ultimately "serving the interests of a particular company."
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