Here Are Rishi Sunak’s Most Urgent Crypto Tasks as UK Leader
Source: Bloomberg As Chancellor of the Exchequer, Rishi Sunak outlined an ambitious plan to turn the UK into a crypto hub. As prime minister, he’ll be under pressure to deliver on that pledge while at the same time containing an economic crisis. Crypto executives and investors interviewed by Bloomberg News greeted Sunak’s appointment with cautious […]
House Stablecoin Bill Would Put Two-Year Ban on Terra-Like Coins
Source: Bloomberg Legislation to regulate stablecoins that’s being drafted in the House would place a two-year ban on coins similar to TerraUSD, the algorithmic stablecoin that collapsed earlier this year. Under the latest version of the bill, it would be illegal to issue or create new “endogenously collateralized stablecoins,” according to a copy obtained by […]