Traders have pulled a total of $3 billion from the cryptocurrency stablecoin USD Coin in three days' time in the wake of the failure of Silicon Valley Bank and the coin's temporary loss [.]
After it was announced that Silicon Valley Bank (SVB) had collapsed, the cryptocurrency world's second-largest "stablecoin," USDC, plunged in value before later rebounding closer [.]
In 2022, the failures of prominent crypto companies overshadowed broader discussions in Congress about how crypto assets should be regulated. This Congress, both chambers are likely to.
February 14, 2023- The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Crypto Crash: Why Financial System Safeguards are Needed for.
Crypto regulation exclusively under the SEC or just clarity in general. financial experts and lawmakers debated how best to handle the recent crypto market crash.