United States Treasury Secretary, Janet Yellen, has called for the US Congress to pass legislation regulating stablecoins and what she describes as “crypto assets that are not securities.” Yellen’s call for legislation specifically targeting cryptocurrencies aims to address “gaps” in existing laws, which she claims makes thorough and effective regulation of crypto difficult…
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Documents lodged in a Delaware bankruptcy court on January 21 show that Terraform Labs, the company behind the ill-fated Terra blockchain, has filed for Chapter 11 voluntary bankruptcy protections in the US. The Terra ecosystem spectacularly collapsed in 2022 after its algorithmic stablecoin TerraUSD (UST) depegged from the US dollar…
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The judge presiding over Coinbase’s motion to dismiss (MTD) in the case brought against it by the US Securities and Exchange Commission (SEC) has expressed concern the regulator is trying to extend its powers too broadly. During the hearing in Manhattan on Wednesday Judge Katherine Polk Failla suggested the SEC’s preferred interpretation of the Howey
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