Unchained: Big Ideas From The Worlds Of Blockchain And Cryptocurrency

Olta Andoni, deputy general counsel at Ava Labs, and Ari Redbord, head of legal and government affairs at TRM Labs, discuss the Terra stablecoin meltdown, implications for impending international regulations, and the history of stablecoin regulation internationally. Topics covered include: What the most important legal issues are for the Terra meltdown How the Terra implosion will trigger more regulation of the space How regulators seemed to think stablecoins should be regulated even before Terra How their approach differs between dollar-backed stablecoins vs. algorithmic vs. crypto collateral-backed coins How European regulators want stablecoin issuers to be treated like banks What the Lummis-Gillibrand bill would mean for US stablecoin regulation Whether Terra’s demise will mean that regulators won’t tolerate experimentation with algorithmic stablecoins  Why regulators will be skittish about stablecoins in response to Terra’s meltdown Why Olta and Ari were impressed by the NY Department of Financia