Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court

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Cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted its stay of demands for which they applied yesterday May 21, according to a blog post published on May 22.

Per the post, the Hon. Joel M. Cohen of the New York Supreme Court (Commercial Division) ruled to grant the companies their motion for an immediate stay of the document demands. The court thus only requires the parties to produce documents and information related to whether there is personal jurisdiction over the companies in New York, while staying the document order in all other regards.

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