Far too often, regulators, policy makers, and commentators have looked at potential stablecoin regulation and assessed the risks relative those presented by the institutions facilitating these traditional forms of payments. I believe that stablecoins do not present more or less risk, but rather different risks. In one sense, the fully-backed nature of stablecoins can help mitigate against systemic risk and make supervision of their holdings far simpler for regulators than traditional banks. On the other hand, stablecoins present unique operational risks based on their underlying technology and use in new forms of payment activity that may not have been previously considered by regulators.
Crypto Community Voices Outrage at Tornado Cash Developer Verdict
Alexey Pertsev, a developer of Tornado Cash, was sentenced to 64 months in prison for money laundering. Source link