Senator Elizabeth Warren has raised concerns over Donald Trump's nomination for Commerce Secretary, citing major conflicts of interest. This is borne out of Howard Lutnick's position at Cantor Fitzgerald, a firm with a 5% stake in USDT stablecoin issuer Tether.

Tether has expressed strong dissatisfaction with the European Union's MiCA regulations, calling them “rushed actions” that could lead to risks for consumers.

Tether is touting its tokenization platform Hadron and its investment in Quantoz as part of its European strategy amid regulatory pressures that have led to USDT delistings under the EU's Markets in Crypto-Assets (MiCA) framework. In a statement to CryptoSlate on Jan.

What does MiCA foresee and why is it relevant for stablecoin

MiCA-triggered crypto changes in Europe could create a “disorderly” market, according to USDT stablecoin operator Tether.

In a major win for crypto regulation, Spanish authorities, with help from the T3 Consortium, dismantled a crime syndicate, arresting 23 individuals and seizing $26.4 million. On the market side, analysts are eyeing the movement of Bitcoin by long-term holders, which could signal a bullish trend and drive up prices due to increased market liquidity.

Spain's Guardia Civil, in collaboration with Tether, TRON, and TRM Labs, froze $26.4 million in crypto linked to a European criminal network. Spanish authorities and the T3 Financial Crime Unit blocked $26.

As part of its plans to comply with the European Union's Markets in Crypto-Assets (MiCA) regulation, Crypto.com has announced plans to delist stablecoin, USDT. USDT, launched by Tether, is the largest stablecoin by market cap.

Crypto.com has announced it will delist Tether's USDT and nine other tokens in Europe by Jan. 31, 2025, to comply with the European Union's Markets in Crypto-Assets Regulation (MiCA).

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.

The T3 Financial Crime Unit (T3 FCU)—a joint task force formed by Tether, TRON, and TRM Labs—has frozen $26.4 million in crypto tied to a large-scale European money laundering operation, according to a Jan. 27 statement shared with CryptoSlate.

Tron, Tether and TRM Labs worked with Spanish authorities to destabilize a pan-European crypto laundering scheme.

Tether and Medoo announce a strategic collaboration to launch a Blockchain Academy in Vietnam, aiming to boost blockchain education and adoption in the region.

USDC issuer Circle has been minting a large number of its native stablecoin closing the gap with Tether's USDT. Just over the past week, the stablecoin firm has minted more than 5 billion USDC on the Solana network, amid high demand following the launch of TRUMP meme coin.

President Donald Trump signed an executive order on Thursday to have dollar-backed stablecoins.

The market capitalization of Tether's USDT, the world's largest dollar-pegged stablecoin, has flattened. Circle's competitive offering, USDC, is continuing to increase in supply.

Today, Tether announced that it is partnering with Medoo to open a Blockchain Academy in Vietnam. This academy will offer generalized Web3 knowledge as well as more specific professional skills.

Phemex CEO Federico Variola has assured that withdrawal functions for USDT and USDC will commence shortly. This has given relief to Phemex crypto exchange users who were eagerly waiting for an update.

Coinbase CEO Brian Armstrong recently discussed the possibility of delisting Tether's USDT stablecoin in response to future U.S. legislation. Armstrong's comments come amid growing concerns about stablecoin regulation and the potential for major changes to how cryptocurrencies are governed in the United States.

From what has been said, Coinbase would be ready to delist USDT.

Coinbase CEO recently stated that his exchange would delist Tether's USDT if authorities demand it or if Tether fails to comply with new US laws.

In its support of compliance efforts, Coinbase has signaled a readiness to adjust its offerings, including a possible USDT delisting.

Tether USDt was the top deposited currency by earners on Brighty last year, accounting for 85% of all crypto deposits.

Congress is considering laws requiring stablecoins like Tether to be backed by U.S. Treasury bonds. The goal of Coinbase is to ensure a higher level of transparency and stability.