# US senator calls on SEC’s Gensler to answer for ‘regulatory failures’

# US senator calls on SEC’s Gensler to answer for ‘regulatory failures’

” US senator calls on SEC’s Gensler to answer for ‘regulatory failures’ “ Minnesota Senator Tom Emmer has slammed United States Securities Exchange Commission (SEC) Chairman Gary Gensler for his flawed “crypto information-gathering efforts” and insisted Gensler should appear before Congress to explain the cost of his “regulatory failures.” Emmer’s comments came from a Dec….

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# Lessons we learned from the Terraform-FTX implosions

# Lessons we learned from the Terraform-FTX implosions

” Lessons we learned from the Terraform-FTX implosions “ In May 2022, Terraform Labs’ LUNA cryptocurrency and TerraUSD (UST) stablecoin collapsed, triggering a massive shock in the crypto industry. Six months later, the bruised industry took another hammering as one of the largest cryptocurrency exchanges, FTX, filed for bankruptcy protection and billions of dollars of…

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# Japan recommends against algorithmic backing in stablecoins

# Japan recommends against algorithmic backing in stablecoins

” Japan recommends against algorithmic backing in stablecoins “ After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a recommendation from the Financial Service Agency (FSA) and was repeated by the country’s Vice Minister for International Affairs, Tomoko…

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