Delta confirms it's working with Tether.

Good evening. I'm Nick Day. You're listening to Late Confirmation from Coin Desk,

bringing you to top stories from November 5th. Also on today's show, a senior official with

the U.S. Securities and Exchange Commission said the agency will release plain English guidance

on ICOs in the future, and an Ethereum-based energy project is now powering hundreds

of homes.

Stay tuned for more on these stories on today's show.

The U.S. Securities and Exchange Commission plans to clarify when and how cryptocurrencies

may be classified as securities, its director of Corporation Finance said Monday.

Speaking at the DC FinTech Week conference, SEC Director William Hinman said the regulatory

agency intends to release, quote, plain English guidance for developers to refer to when

planning token offerings.

This guidance will help such developers determine on their own whether any potential

token offering may be classified as a security

or not, according to Hinman, though it's not clear when the guidance will be published.

The guidance will also address secondary market transactions as part of an effort to give

developers and entrepreneurs clarity on how the SEC might look at tokens post-initial offering.

When asked about how the SEC might classify token sales as securities

offerings, Hinman elaborated by noting that the agency would be looking at factors such as the

expectation of a return on investment. The chairman of Deltech Bank and Trust said a widely

scrutinized letter about Stablecoin issuer Tedder's account at the Bahamas-based institution

is quote authentic. The letter, which Tedder published November 1st, stated, albeit with a prominent

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