Stuart Hoegner, who guided Tether and Bitfinex through regulatory challenges, steps down with gratitude expressed by CEO Paolo Ardoino. Ardoino acknowledges Hoegner’s contributions as invaluable and trusts Michael Hilliard to lead future legal endeavors. Hilliard’s appointment comes after MiCA’s regulatory changes took effect in December 2023.

The European Union’s MiCA regulation, effective December 2023, introduces stricter requirements for stablecoin issuers. As General Counsel, Hoegner was instrumental in aligning Tether and Bitfinex with evolving regulatory standards. Michael Hilliard now assumes responsibility, ensuring legal compliance amid the dynamic crypto landscape.