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Tether appoints Jesse Spiro as Head of Government Affairs to strengthen regulatory relations amid U.S. scrutiny, leveraging his PayPal and Chainalysis experience.
A landmark decision that could shape the future of cryptocurrency regulation, the United Kingdom High Court has ruled that Tether (USDT), one of the world's leading stablecoins, qualifies as property under English law. This ruling marks the first time an English court has addressed the status of cryptocurrency in a post-trial setting, setting a precedent for how digital assets are treated in the legal system.
Tether is working to improve its relations with regulators following the recognition of its USDT stablecoin as property in the UK. On Sept. 13, Tether announced that it hired Jesse Spiro to spearhead its global engagement efforts with lawmakers, regulators, and key stakeholders.
Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.
A fraud victim had their stolen crypto, including Tether, washed through several exchanges. The judge decided that Tether counts as property.
USDT on TON has reached a total supply of $729 million within four months following the integration announcement by the TON Foundation on April 18. This growth positions USDT on TON as the seventh largest stablecoin by market capitalization when evaluated independently.
Stablecoin issuer Tether (CRYPTO: USDT) Friday announced that it has appointed Jesse Spiro as its new Head of Government Affairs. What Happened: This move comes as the company continues to face regulatory challenges and scrutiny in the United States.
Upbit, South Korea's largest cryptocurrency exchange, has announced the launch of Nervos Network (CKB) on its platform.
Tether hired a government-affairs veteran from PayPal and Chainalysis, Jesse Spiro, to head its own shop as the issuer of the leading {{USDT}} stablecoin has long been under a cloud of reported U.S. investigations.
Tether brought Jesse Spyro onboard as its head of government affairs. The issuer of USDT fights for its reputation, while facing limitations in the Euro Area and accusations of uses to breach Iranian, Chinese and Russian sanctions.
On September 12, 2024, Consumers' Research, the nation's oldest consumer advocacy organization, issued a public warning to U.S. governors regarding alleged risks associated with fiat-backed stablecoin issuer Tether (USDT). Consumers' Research is a non-profit organization that focuses on educating consumers about products, services, and various issues affecting the marketplace.
The High Court of Justice for England and Wales issued a ruling that allowed Tether's stablecoin USDT to qualify as property. The ruling came just a day after the jurisdiction's administration declared it would commence legislation on digital currencies.
Consumer advocacy group Consumers' Research has released a report accusing Tether, the issuer of the USDT stablecoin, of being opaque and not conducting a full audit of its dollar reserves.
Renowned advocacy organization Consumers' Research raised concerns about Tether, criticizing the USDT stablecoin issuer for exposing users to significant risks due to its business model.
UK High Court classifies Tether (USDT) as property under English law. The ruling strengthens legal recognition of digital assets in the UK.
In a pivotal decision, the High Court of Justice for England and Wales has officially recognized Tether's USDT, the world's largest stablecoin by market capitalization, as property under English law. This ruling follows new UK legislation aimed at clarifying the legal status of cryptocurrencies, marking a significant precedent for digital asset holders in the country.
“Tether has many of the same issues that FTX and Celsius had before their collapse," the watchdog wrote on its letter.
Spiro brings over six years of experience in government and regulatory relations within the blockchain space, according to a blog post.
A day after a major bill was introduced, cryptos are making waves in the UK again!
The UK High Court ruled that English law legally recognised Tether stablecoin USDT as property.
Tether's strategic hire of a seasoned government affairs expert underscores its commitment to navigating regulatory complexities and fostering industry collaboration. The post Former PayPal executive joins Tether as Head of Government Affairs appeared first on Crypto Briefing.
Tether has appointed former PayPal executive Jesse Spiro as its head of government affairs to lead policy and engagement with lawmakers, regulators, and key stakeholders.
Legal implications and the case of d'Aloia: a turning point for cryptocurrencies
USDT attracts property rights as it can be the subject of tracing and can constitute trust property in the same way as other property, a judge in England declared.
