Az US Solons Eye tiltja az algoritmikus stabil érméket 2 évre

Vágó: Nathaniel Cajuday

Following the collapse of Terra and its UST stablecoin in May, the United States (US) Congress seems to be drafting legislation that would place a ban on algorithmic stablecoins. While the lawmakers study the instruments on the coins, the bill would make it temporarily illegal to issue or create new coins during a two-year period.

A találmány egy jelentést, the bill is being developed by Rep. Maxine Waters (D-Ca.), the chair of the House Financial Services Committee, and Rep. Patrick McHenry (R-NC), the minority ranking member. 

Algorithmic stablecoins are a type of cryptocurrency that offers improved price stability without any collateral. Unlike the fiat-back stablecoins, such as USDC and USDT, and cryptocurrency-backed stablecoins, like wrapped-Bitcoin (WBTC) and wrapped-Ethereum (wETH), there are no fiat or cryptocurrencies attached to algorithmic stablecoins to determine the price. 

Instead, it is based on algorithms that offer considerably improved capital efficiency compared to other stablecoins. (Read more: Mik azok az algoritmikus stabil érmék?)

While as promising as it may seem, the crypto world was shocked earlier in 2022 when the largest stablecoin by market cap, USDT or Tether, crashed to as low as $0.946 when stablecoins are supposed to maintain a 1:1 ratio to fiat. The crash resulted in $60 billion worth of losses. (Read more: Hírlevél: Mi történt az USDT-vel, az UST-val és a LUNA-val | 12. május 2022

One of the most affected entities due to Terra’s collapse was the 10-year-old crypto hedge fund Three Arrows Capital (3AC) which invested more than $200 million in the cryptocurrency LUNA. (Read more: Mi az a Three Arrows Capital? A befektetési társaság megerősítette a Luna és a Terra összeomlása miatti veszteséget)

Recently, Do Kwon, the CEO of Terra, was issued an arrest warrant by a court in South Korea for violating the country’s capital markets laws. 

Then just this week, the Seoul Southern District Prosecutors’ Office asked its foreign ministry to cancel Kwon’s passport because he was “obviously on the run and has no intention to appear before us for questioning.” (Olvass tovább: Do Kwon tagadja, hogy a The Crash előtt 2.7 milliárd dollár értékű LUNA-t váltott volna ki)

Accordingly, last June, the former and current employees of Terraform Labs were sanctioned by the Seoul Southern District Prosecutor’s Office with a travel ban to eliminate the possibility of key officials within the company fleeing abroad to avoid further investigation. (Read more: Terra Employees Banned from Leaving South Korea)

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