Saturday, July 26, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Citadel Capital CEO Ken Griffin Says Terra (LUNA) ‘Fiasco’ Ought to Be a Wake-Up Name for Regulators

by SB Crypto Guru News
May 22, 2022
in Altcoin
Reading Time: 2 mins read
0 0
A A
0


Citadel Capital CEO Ken Griffin is arguing the collapse of Terra (LUNA) ought to function a wake-up name for regulators.

In a brand new interview, Griffin says the Terra (LUNA) “disaster,” which additionally noticed the de-pegging of the blockchain protocol’s flagship stablecoin TerraUSD (UST), ought to encourage the authorities to provide you with the required regulation, particularly for stablecoins.

“I do assume that the Terra disaster must be a wake-up name to D.C. to really give attention to considerate regulation. And particularly stablecoin, by advantage of its title, nearly calls for being appropriately regulated.”

The hedge fund CEO says that questions nonetheless encompass the biggest stablecoin by market cap and volumes, Tether (USDT), over the reserves backing it. In accordance with Griffin, the proof of the reserves backing stablecoins must be out there and verifiable.

“Bloomberg’s performed some phenomenal work on Tether. What’s behind Tether? The truth that we don’t know is completely absurd.

In the event you’re going to symbolize that you’ve got a stablecoin that’s value a greenback you, higher rattling nicely be capable to again it up with custody accounts that present you the property that outline that stability.”

The Citadel Capital CEO says that stablecoin issuers must be required by regulation to reveal the reserves backing the fiat-pegged crypto property periodically simply as exchange-traded funds (ETF) are required to disclose the underlying property usually.

“Simply as we’ve every day disclosures of the ETF holdings, we must always have periodic disclosure of what backs the stablecoins so that folks know their cash is protected or not.”

I

Test Worth Motion

Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Comply with us on Twitter, Fb and Telegram

Surf The Each day Hodl Combine

&nbsp
Test Newest Information Headlines

 

Disclaimer: Opinions expressed at The Each day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in affiliate marketing online.

Featured Picture: Shutterstock/klyaksun





Source link

Tags: Bitcoin NewsCallCapitalCEOCitadelCrypto NewsCrypto UpdatesFiascoGriffinKenLatest News on CryptoLunaregulatorsSB Crypto Guru NewsTerraWakeUp
Previous Post

Create an NFT On-Chain Stock System for Gaming » Moralis » The Final Web3 Growth Platform

Next Post

ADA Bulls Might Play Out Above $0.60

Related Posts

Under-the-Radar DeFi Lending Altcoin Defies Crypto Market Downtick Amid New Proposal To Increase Staking Rewards

Under-the-Radar DeFi Lending Altcoin Defies Crypto Market Downtick Amid New Proposal To Increase Staking Rewards

by SB Crypto Guru News
July 26, 2025
0

A decentralized finance (DeFi) altcoin that received trading support from the crypto exchange Binance in May is seeing gains despite...

ECC Roadmap: Q3 2025 – Electric Coin Company

ECC Roadmap: Q3 2025 – Electric Coin Company

by SB Crypto Guru News
July 25, 2025
0

ECC is committed to deliver digital cash through privacy protocol (Zcash) and product innovation. We believe this is the best...

35 Companies Now Hold Over 1,000 Bitcoin Each

35 Companies Now Hold Over 1,000 Bitcoin Each

by SB Crypto Guru News
July 25, 2025
0

Enjoyed this article? Share it with your friends! On July 24, Chris Kuiper, head of research at Fidelity Digital Assets,...

Arizona Freelancer Jailed for Aiding North Korean Job Scam

Arizona Freelancer Jailed for Aiding North Korean Job Scam

by SB Crypto Guru News
July 25, 2025
0

Enjoyed this article? Share it with your friends! Christina Marie Chapman, a freelancer from Arizona with over 100,000 TikTok followers,...

The Cylinder Is Filling — And Altseason May Explode From the Pressure | by Chip Mahoney | The Capital | Jul, 2025

The Cylinder Is Filling — And Altseason May Explode From the Pressure | by Chip Mahoney | The Capital | Jul, 2025

by SB Crypto Guru News
July 24, 2025
0

Zoom image will be displayedPhoto by Mikkel Jönck Schmidt on UnsplashThe latest edition of Front Run The Week is live.If...

Load More
Next Post
ADA Bulls Might Play Out Above alt=

ADA Bulls Might Play Out Above $0.60

Crypto Has No Priceless Output — It is Not Including to Society Like Different Investments – Featured Bitcoin Information

Crypto Has No Priceless Output — It is Not Including to Society Like Different Investments – Featured Bitcoin Information

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.