England’s High Court of Justice has ruled that Tether’s USDT stablecoin qualifies as property under English law. This landmark decision not only marks a pivotal moment for cryptocurrency regulation in the UK but also sets a precedent for how digital assets will be handled in legal contexts.
A Groundbreaking Ruling
On September 12, 2024, Deputy High Court Judge Richard Farnhill delivered a ruling that confirms Tether’s USDT, the leading stablecoin by market capitalization, can be categorized as property.·
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