Senator Cynthia Lummis (R-WY) has given a specific date for when her long-awaited crypto regulator bill will be unveiled. The legislation will help to sort cryptocurrencies under appropriate regulatory labels and federal jurisdictions. According to a tweet from the senator on Friday, the final version of her bill will be released on Tuesday, June 7th. Lummis has spent months working on the bill alongside Senator Kirsten Gillibrand (D-NY), announcing it as early December 2021. The bill will reportedly provide sweeping…
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Featured on homepageNewsAltcoinsIt’s Entertaining Watching Companies Die, said Do Kwon Last Week
Featured on homepageNewsAltcoinsIt’s Entertaining Watching Companies Die, said Do Kwon Last Week
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It’s Entertaining Watching Companies Die, said Do Kwon Last Week
Luna
Terra
$0.0001283700
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price
13.78096%
price change
Earlier this month, Terra co-founder Do Kwon claimed that there is “entertainment” in watching companies die.
- In an interview with the chess streamer Alexandra Botez, Kwon stated confidently that 95% of today’s crypto startups are “going to die”.
- While laughing it off, the co-founder also claimed that there is “entertainment in watching companies die too”.
- As of today, Do Kwon is under fire due to the de-pegging of TerraUSD – the dollar-pegged stablecoin of the Terra blockchain. The fallout has also caused the LUNA governance token to hyperinflate, destroying virtually all of its value within days.
- The creator was warned about a potential UST collapse well before this month, but he responded aggressively to his critics.
- Attempts thus far to recover the stablecoin’s peg have seen little success. It trades at just $0.40 at the time of writing, with LUNA going for a microscopic $0.003.
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