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Terra Luna Crash Brings Stablecoins Under Regulatory Scrutiny

CoinDesk's Nikhilesh De discusses the impact of algorithmic stablecoin TerraUSD's (UST) downfall on the U.S. crypto regulatory landscape. Last week U.S. Treasury Secretary Janet Yellen pushed for stablecoin regulation during an annual testimony before the Senate Banking Committee, citing UST woes. Is stricter stablecoin regulation on the horizon?

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FTX and Yellen Hearings on Capitol Hill: Top Takeaways

The House Committee on Agriculture hosted a hearing Thursday examining FTX’s proposal on clearing customers’ margin-backed swaps trades. Separately, Treasury Secretary Janet Yellen testified on the economy and the annual financial stability report before the House Financial Services Committee. CoinDesk’s Nikhilesh De discusses the key takeaways.

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Мнение

Призыв Йеллен к «ответственным» Криптo верен

Конгрессмен от Пенсильвании Глен Томпсон предложил продуманный, четко сформулированный план «регулирования Криптo », который согласуется с предложениями Министерства финансов США.

Treasury Secretary Janet Yellen at American University (Jesse Hamilton for CoinDesk)

Видео

Crypto in Focus on Capitol Hill

The House Financial Services Committee is holding a hearing on the Financial Stability Oversight Council with Janet Yellen. Separately, the House Agriculture Committee is expected to hold a hearing on the FTX disintermediation proposal. CoinDesk’s Nikhilesh De discusses what to expect. Plus, reactions to EU reportedly looking to ban large-scale stablecoins.

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Политика

Крах UST T стал причиной заседания Совета по финансовой стабильности США: источники

Федеральные чиновники США T собираются вместе, чтобы Социальные сети обычному плану действий, когда крупные финансовые компании терпят неудачу.

The U.S. Department of the Treasury hasn't yet held any cross-agency meetings to discuss the fallout of UST's struggles. (Jesse Hamilton/CoinDesk)

Видео

UST Woes Draw Spotlight in Janet Yellen's Senate Hearing on Financial Risks

During testimony before the Senate Banking and Urban Affairs Committee on Tuesday, U.S. Treasury Secretary Janet Yellen said the depegging of UST reveals the risks to financial stability and the need for a regulatory framework on stablecoins. CoinDesk's Nikhilesh De discusses Yellen's comments and the outlook for stablecoin regulation.

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Yellen’s Stablecoin Warning; China’s E-CNY Plans Looking Shaky

Janet Yellen cites Terra’s UST fiasco while warning over stablecoins. Crypto.com COO warns of tough times ahead for markets. Asian Games postponement, Covid-19 lockdowns affect China’s digital yuan rollout. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

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Видео

Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?

U.S. Treasury Secretary Janet Yellen brought up the ongoing distress of the UST stablecoin during testimony before the Senate Banking Committee on Tuesday. This came as UST depegged from the dollar, falling as much as 40% before rebounding. “The Hash” team discusses the news timing as stablecoin regulation comes into focus on Capitol Hill.

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Политика

Проблемы UST оказались в центре внимания на слушаниях в Сенате Джанет Йеллен по финансовым рискам

Министр финансов Джанет Йеллен освещает последние новости об утрате привязки алгоритмического стейблкоина UST к доллару на слушаниях в Банковском комитете Сената.

Treasury Secretary Janet Yellen highlighted the difficulties of UST during a Senate Banking Committee hearing on risks to the financial system. (Elizabeth Frantz-Pool/Getty Images)