Tether spent $360,000 on lobbying this year, a decrease of about 71% from last year.

Tether added nearly $50 billion to its market value in 2024, and its investments, product lines, and political influence across industries have also increased. Tether appears to have slowed down some of its lobbying this year, spending just $360,000 on FTI government affairs, according to data compiled by OpenSecrets. That's about 71% less than the $1.24 million it spent on lobbying in 2023; $480,000 was spent in 2022. Tether hired a lobbying firm, DMM Consulting, in 2023, which also lobbied on behalf of El Salvador's Bukele government. That same year, Tether's sister company Bitfinex Securities became El Salvador's first "digital asset service provider," receiving a license allowing it to trade tokenized securities. Meanwhile, Tether has made investments in the country, including Volcano Energy, which uses geothermal energy for bitcoin mining.