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Articles for Ust, search results for legal

Column: The legal system is closing in on crypto, and things may only get worse
8 months, 2 weeks ago

Column: The legal system is closing in on crypto, and things may only get worse

LA Times  

Crypto fraudster Sam Bankman-Fried is screened in a New York courtroom as he prepared to face charges related to the collapse of his FTX crypto exchange. What’s important about Failla’s ruling is that she dismissed out of hand Coinbase’s argument, which is that cryptocurrencies are novel assets that don’t fall within the SEC’s jurisdiction — in short, they’re not “securities.” …

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Should Supreme Court disqualify Trump from running? Justices may be asked to rule
1 year, 3 months ago

Should Supreme Court disqualify Trump from running? Justices may be asked to rule

LA Times  

The Constitution disqualifies those who “engaged in insurrection” from holding office, and two conservative law professors say that applies to the former president. In a 126-page law review posted last month, they put a new focus on the Constitution’s response to the nation’s greatest insurrection and find significantly higher odds that the Supreme Court will be confronted with the claim …

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Why are regulators swooping down on stablecoins?
2 years, 4 months ago

Why are regulators swooping down on stablecoins?

The Hindu  

The story so far: In early July, the Financial Stability Board, a body which advises major economies on international finance, promised to push for stablecoin regulation, citing “recent turmoil” in the cryptocurrency market. The best-known stablecoin in the crypto ecosystem today is arguably Tether, whose market cap is close to $66 billion, putting it below Ethereum, the second largest cryptocurrency …

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Cryptocurrencies collapse after 'Black Wednesday' for blockchain
2 years, 7 months ago

Cryptocurrencies collapse after 'Black Wednesday' for blockchain

The Telegraph  

On Wednesday, the Financial Conduct Authority warned that cryptocurrency owners enjoy no legal protections. “That simply illustrates that this is a rapidly growing product and that there are risks to financial stability and we need a framework that’s appropriate,” she said. Terra, also known as UST, is designed to be “pegged” to the dollar using software programming that allows owners …

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