**News Flash: Tether's Legal Shift Amid MiCA Uncertainty**

Stuart Hoegner, the General Counsel for Tether and Bitfinex, has stepped down just as the EU's Markets in Crypto-Assets Regulation (MiCA) takes effect. Michael Hilliard, who has been with the companies for years, will take over the role.

MiCA's implementation has left stablecoin issuers like Tether in a state of uncertainty, as it's unclear if USDT complies with the new regulations. While no regulators have outright declared USDT non-compliant, the lack of clarity persists. Despite Coinbase delisting USDT, it remains actively traded across the EU.