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Terra Backers to Keep Luna Alive, Abandon Stablecoin UST After Crash

Terra now plans an airdrop of new luna starting Friday, but wallets with more than 1 million of older luna or UST are likely to wait more than a year.

Terms of serviceFederal reserveTerraform labsMi exclusiveTerra blockchainTerra crashTerra luna priceLuna coinUna priceTerra priceRypto crashCrypto market crashRypto market confidenceCrypto 2022Hamza fareed malik

Terra Crash: SEC Boss Gensler Says More Crypto Failures Are Likely

Speaking to reporters after a House Appropriations Committee panel hearing Wednesday, SEC Chair Gensler said: "A lot of these tokens will fail."

United statesGary genslerStablecoin terraExchange commissionHouse appropriations committeeTerms of serviceExchange commission chair gary genslerWall street journalMi exclusiveSec chairman gary genslerCrypto regulationTerra crashSecurities and exchange commissionGary genslerTerra luna priceCrypto market

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