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TerraUSD, or UST, sank below 70 cents for the first time late Monday, as holders continued to flee the token in what some have described as a “bank run.” The token fell as low as 62 cents before regaining ground to trade at 90 cents Tuesday, according to Coinbase data. Created by Singapore-based Terraform Labs […]
There are those in the crypto sphere who, despite the strong warnings of several federal agencies, believe there can be no enforcement without crypto specific regulation. This is not the case. There are also those who believe that just because a federal agency has not yet commenced an enforcement action against a particular practice, that […]
That’s a long way of saying my biggest complaint is that we have not used the non-enforcement authority we have to make a workable way for this industry to innovate in ways that appropriately balances our regulatory objectives with the need to move forward.Sometimes we talk about responsible innovation. I think we should talk about […]