Yellen Renews Call for Stablecoin Regulation After Terra’s algorithmic stablecoin tumbles

TechCrunch | Jacquelyn Melinek | May 10, 2022 Stablecoins have been a hot topic both on and off Capitol Hill. Earlier today, U.S. Treasury Secretary Janet Yellen pushed for regulation during an annual testimony in front of the Senate Banking Committee, at a time where Terra’s algorithmic stablecoin UST struggles to retain its peg. US

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