Even among the crypto faithful, confidence in stablecoins has been shaken, and calls for regulation have intensified. Sen. Pat Toomey (R., Pa.) has proposed legislation, but the real question is why the government continues to sidestep existing laws and protections to coddle a stagnant, wasteful technology in search of a...
Do Kwon used swagger and a cultlike Twitter following to build a cryptocurrency empire that collapsed last month in a $40 billion crash. Now, despite angry investors, government investigations and a crypto-market downturn, the South Korean entrepreneur is attempting a comeback. “I have great confidence in our ability to build...
June 19, 2022 1:14 pm ET A Bitcoin logo on the screen of a cryptocurrency ATM in Prague, May 17. Photo: Bloomberg In “Sick Stablecoins Can’t Infect Financial Markets” (op-ed, June 13), Niall Ferguson and Manny Rincon-Cruz are narrowly focused on the here and now. Having handled the collapse of...
