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Crypto

U.S. Commerce Secretary Ratnick and Others Suspected of Favoring Tether in 'Genius Act' Legislation, Reports Say

2026/07/25 18:56(Updated 2026/07/27 08:01)

CoinPost

Written by A.Yamada

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U.S. Commerce Secretary Ratnick and Others Suspected of Favoring Tether in 'Genius Act' Legislation, Reports Say

Suspected Influence in Certain Provisions of the Genius Act

Suspicions have arisen that U.S. Commerce Secretary Howard Ratnick and former White House cryptocurrency council head Beau Hines may have weakened certain provisions of the 'Genius Act' to favor leading stablecoin issuer Tether. Bloomberg reported this on the 23rd, citing interviews and court documents. The timeline suggests that between 2023 and 2024, Senators Cynthia Lummis and Kirsten...

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