📣 Tether and Bitfinex Welcome a New Legal Chief
posted 3 Jan 2025
With Stuart Hoegner stepping down, Michael Hilliard is set to lead Tether and Bitfinex’s legal operations as the new Chief Legal Officer. Hilliard brings years of expertise and collaboration to the table.
Stuart Hoegner is retiring after a storied career steering Tether through the regulatory maze of cryptocurrency. His successor, Michael Hilliard, is well-positioned to guide the company’s legal strategy forward:
Michael’s deep understanding of both companies’ operations, coupled with his strategic approach to legal and regulatory challenges, has been critical to advancing both Tether and Bitfinex’s mission.
With Europe’s MiCA regulations now in effect, the spotlight is on how Tether ensures USDT remains compliant with these new standards.
Stuart Hoegner. Source: Х
Tether’s journey to MiCA compliance has faced hurdles, with Coinbase removing USDT from its listings in December 2024. While the official reason cited new regulations, many suspect that Coinbase’s partnership with Circle—a direct competitor of Tether—may have influenced the decision.
Meanwhile, as regulatory shifts continue, Tether shared some major news on January 2: T3 FCU, its anti-crime division created with TRON just last August, has already frozen more than $100 million in USDT held by international criminal actors.
