Terra’s stablecoin flop raises questions about regulatory role ...Middle East

The spectacular plunge and trading halts of the algorithmic stablecoin TerraUSD are touching off a debate among lawmakers over whether, and how much, the government should get involved. As Terra crashed last week, prominent Republicans said the asset class shouldn’t be regulated at all because of its limited reach into traditional financial markets and uncertain impact. Democrats are […] The post Terra’s stablecoin flop raises questions about regulatory role appeared first on Roll Call.

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