FSOC urges Congress to pass stablecoin legislation to stabilize global finance
Key Takeaways: FSOC Flags Stablecoins as “Potential Risk” to Financial Stability. High market concentration and lack of appropriate regulatory frameworks...
TerraUSD
SEC Nets Record $8.2B in Enforcement Actions for 2024
The U.S. Securities and Exchange Commission (SEC) has announced that it secured $8.2 billion in enforcement actions in 2024. This...
Jump Crypto allowed to submit certain info confidentially in SEC’s case against Terraform Labs
A U.S. court has ruled that Jump Crypto, which has been identified as a “third party” in the SEC’s ongoing...
Court orders Genesis to produce subpoenaed documents in Terraform Labs case
Genesis and its associated companies were ordered by a judge to produce documents on Oct. 13, as part of a...
First Voyager payouts should begin by June 1, creditors’ committee says
Voyager’s Official Committee of Unsecured Creditors said on May 17 that a pending repayment plan will take effect in the...
USDC Market Cap Dips By $10 Billion In 2 Weeks – Here’s Why
USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank’s (SVB) collapse. Investors...
Japanese Regulators May Reverse Ban on Foreign Stablecoins: Report
Japan became one of the first big countries to establish a legal framework for stablecoins in June. Six months later,...
Terra Accuses Enforcement Agency Of Politicizing Their Case
Terra Accuses Enforcement Agency Of Politicizing Their Case Terra Luna Crash: Company Calls South Korean Prosecutors' Approach to the Case...
MakerDAO Co-Founder Proposes Dumping $3.5 Billion USDC Reserves for ETH
MakerDAO co-founder Rune Christensen recently proposed removing all USDC from the DAI stablecoin’s peg-stability module. He suggested that the USDC...
Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD
The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as...
