Congressional Research Agency Hints at Stablecoin Regulations Following TerraUSD (UST) Collapse

A nonpartisan Congressional research agency is hinting that stablecoin regulations are becoming more likely following the recent disintegration of TerraUSD (UST). In a new report by the Congressional Research Service, the stablecoin industry lacks the regulations found in traditional finance systems that safeguard investors. “Many observers consider the stablecoin industry as not adequately regulated. While The post Congressional Research Agency Hints at Stablecoin Regulations Following TerraUSD (UST) Collapse appeared first on The Daily Hodl.

Timeline of Terrausd

Terra's legal team resigned as UST lost its dollar peg and collapsed, pushing the Luna token to zero, according to sources familiar with the matter. As reported by the crypto publication The Block on Tuesday, some members of Terraform Labs' legal team left as the crypto markets roiled from UST's failure. The blockchain firm, the The post Terraform Labs' legal team quit as UST collapsed appeared first on Invezz.

The in-house legal team at Terraform Labs resigned just days after the collapse of Terra's algorithmic stablecoin. The post Terraform Labs' legal team resigns after UST collapse appeared first on The Block.

The collapse of TerraUSD has spurred financial authorities in South Korea to launch “emergency” inspections of domestic cryptocurrency exchanges. The post TerraUSD Collapse Spurs ‘Emergency' Inspections of South Korean Crypto Exchanges appeared first on BeInCrypto.

The LUNA incident has caused a stir in the cryptocurrency market, and therefore, the financial authorities in South Korea have launched an investigatory mission to reveal the saga behind the LUNA crash. The aim is to provide clarity for the future of stablecoins and protect the interests of investors.

Yun Chang-Hyun of South Korea's People Power Party has reportedly called for a hearing on TerraUSD after the stablecoin's sudden collapse. The post South Korean politician calls for Do Kwon to attend hearing on TerraUSD's collapse appeared first on The Block.

With weeks, months of bleeding in Satoshi streets and extreme fear of Inflation, a heavy load of sell-offs are rising negative market sentiments. The next big shocker is the stablecoins the world is eyeing right now to see the future of stablecoins after the tumultuous market crash of Terra (USD).  So what makes Stablecoins so …

In a very harrowing turn of events for Terra, the blockchain ecosystem has opted to indefinitely halt the trade on its UST and LUNA tokens. The second halt in 24 hours came at a very ominous date, Friday the 13th.

Digital asset investment products saw the largest amount of inflows so far this year this past week, amounting to $274 million. The post TerraUSD (UST) Collapse Triggers Buying Opportunity of Crypto Products, Inflows Hit $274M appeared first on BeInCrypto.

The Non-Fungible Tokens (NFTs) have come a long way from the time when only celebrities used to create and sell for millions. But today NFTs have become a mode of the thing of their own. These NFTs can offer anything from GIFs, and digital art to static images. It's just a matter of time before …

U.S. Treasury Secretary Dr. Janet Yellen has called on U.S. Congress to enact regulations for stablecoins following TerraUSD's epic collapse in price last week.  Yellen made her comments last Tuesday (May 10) while testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs, saying that she believes stablecoins pose a risk to the market's financial