Huobi Futures is tapping into the burgeoning stablecoin market with Tether (USDT) margined swaps. The swaps, which launched this week with 10 cryptocurrencies including bitcoin and Ethereum, are available to trade via the Web and API, with trading on APP soon to be supported. The total market capitalisation of stablecoins has grown from $2.6 billion […]
Bitfinex, Tether, and their related entities today released a statement rejecting what they call “blatantly false allegations” made in an amended consolidated class action lawsuit filed in the Southern District of New York (SDNY) on January 8, 2020. Created in 2014, Tether launched as a digital token linked 1:1 with the US dollar (USD₮). The […]
Profit & Loss’s latest OnTheBlock series featured a one-one-one discussion with former CFTC staffer Justin Slaughter, now a partner at Mercury Strategies, in which he provided an insider’s perspective on how cryptoassets are being viewed by regulators in Washington, DC.
P&L OnTheBlock: An SEC official recently said that the agency does not view ether[eum] as a security. Does this mean that the issue is settled and the SEC definitely won’t try and regulate it as a security now?
Justin Slaughter: What we are basically hearing is that there isn’t an explicit, major problem with ether as a security. They are not yet saying it’s totally, absolutely, not a security.