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During a confirmation hearing to become Commerce Secretary, the billionaire Bitcoin backer faced questions about his firm's ties to Tether.
Crypto.com will remove Tether's USDT and several other assets for EU customers in response to MiCA regulations. Starting January 31, 2025, trading restrictions take effect, and by March 31, withdrawals and conversions will be enforced. Affected users are advised to adjust their holdings before the deadline. The post Crypto Exchange Crypto.com to Delist Tether's USDT Stablecoin appeared first on Cryptonews.
Howard Lutnick, President Trump's pick to run the Department of Commerce, is probed by the senator on the Tether connection of his firm, Cantor Fitzgerald.
U.S. Commerce Secretary nominee Howard Lutnick faced questions about his firm's relationship with Tether during a hearing on Wednesday.
Senator Elizabeth Warren has demanded answers from Howard Lutnick, President Donald Trump's nominee for Commerce Secretary, regarding his financial ties to Tether.
Crypto.com is delisting USDT and nine other tokens in Europe to comply with MiCA regulations.
Crypto.com will be delisting Tether's USDT stablecoin by Jan. 31 as part of efforts to comply with Europe's Markets in Crypto-Assets (MiCA) regulation, according to emails obtained by CryptoSlate. The exchange will also remove nine other tokens, including Wrapped Bitcoin (WBTC), DAI, Pax Dollar (USDP), PayPal USD (PYUSD), Crypto.
Crypto.com recently announced that it would delist Tether's stablecoin USDT on January 31 to comply with the Markets in Crypto-Assets Regulations (MiCA). The exchange also revealed that it would delist nine other tokens, including Crypto.com Staked ETH, Crypto.com Staked SOL, DAI, PAX Dollar, PAX Gold, PayPal USD, XSGD, and Wrapped Bitcoin.
Crypto.com Will Suspend Tether, PayPal Stablecoin Services in Europe due to MiCA
TL;DR Crypto.com will delist USDT and nine other tokens from its European platform to comply with MiCA regulations, with users having until March 31 to convert their affected assets.
Tether's USDT failure to meet MiCA compliance rules prompted the delisting.
The exchange will halt deposits from 31 January. It will disable withdrawals and delist the tokens on 31 March.
Howard Lutnick: a profile under the spotlight
Sen. Elizabeth Warren (D-Mass.) demanded answers from Commerce Secretary nominee Howard Lutnick on Tuesday with regard to his association with the controversial stablecoin-issuing company Tether (CRYPTO: USDT).
Crypto.com will delist USDT and nine other European tokens on Jan. 31 to comply with MiCA regulations.
Official communication sent yesterday to clients residing in the European Union.
Elizabeth Warren has raised concerns over Cantor Fitzgerald CEO Howard Lutnick's nomination as Commerce Secretary , citing his firm's ties to stablecoin issuer Tether. The post Elizabeth Warren Questions Trump's Commerce Secretary Pick Over Ties to Tether appeared first on Cryptonews.
Crypto.com will delist USDT and nine other tokens in Europe on Jan. 31 to comply with MiCA regulations, giving users until March 31 to convert assets.
Crypto.com will delist USDT and nine other tokens in Europe on Jan. 31 to comply with MiCA regulations, giving users until March 31 to convert assets.
Senator Elizabeth Warren pressed Howard Lutnick, Donald Trump's nominee to run the Department of Commerce, over his ties and interest in stablecoin issuer Tether.
The European crypto scene is changing fast, and Tether (USDT) is in trouble. Crypto.com has announced it will remove USDT from its platform by January 31, 2025. This follows Coinbase's decision to drop Tether last year.
After winning a MiCA license, Crypto.com will become the second digital asset exchange to end trading support for Tether's stablecoin.
Arbitrum became one of the first chains to migrate to USDT0, the cross-chain, interoperable version of Tether (USDT).
The CEO of CryptoQuant, a digital asset analytics firm, has provided evidence suggesting that demand for Tether (USDT) remains strong, even as regulatory challenges in the European Union (EU) lead to its removal from several crypto exchanges.
