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Techub News reported that according to Brogan Law, Tether's U.S. business unit met with U.S. senators and their staff to express support for the current draft market structure bill, which has no objections to the draft banning stablecoin yields. In response, The Block reporter Yogita Khatri posted that when asked by Tether CEO Paolo Ardoino "whether the report that Tether is on the same side as banks on the issue of stablecoin yields is accurate," Paolo Ardoino responded, "We have no position on this matter. Tether does not share revenue. So we have no position in this debate."