Wednesday, November 29, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Crypto Regulation News

SEC commissioner Hester Peirce hints at stricter stablecoin regulation

by ethozedge
May 12, 2022
in Crypto Regulation News
Reading Time: 1 min read
A A
0
Share on FacebookShare on Twitter


US Securities and Exchange Commission (SEC) commissioner Hester Peirce has said that the stablecoin market has attracted a lot of attention this past week and that the sector could be looking at “stricter” regulations.

The top SEC official said this in comments made during an online discussion organised by the Official Monetary and Financial Institutions Forum (OMFIF). This is an independent think tank on central banking and economic policy headquartered in London, UK.

A news report by Reuters quotes the SEC official as saying that one place likely to “see some movement is around stablecoins.” She added that this follows events this week that have helped shine a spotlight on the sector.

Hester’s comments came at OMFIF’s annual Digital Monetary Institute symposium, whose panel also included Algorand CEO Steve Kokinos and former CFTC chair Timothy Massad.

UST depeg and LUNA’s collapse

Indeed, this week has seen the cryptocurrency market rocked by the crushing loss of dollar parity by the stablecoin TerraUSD (USD). The UST token fell as low as $0.25, losing its peg to the dollar by 75% amid rumours of a coordinated attack.

Apart from that, the algorithmic stablecoin’s depegging has sent the Terra (LUNA) coin to near zero (currently at $0.01), and a cascade of sell-off pressure has also pushed Bitcoin price to lows last seen in January 2021.

And with the stablecoin turmoil also seeing Tether (USDT) lose its peg earlier on Thursday, a tougher regulatory framework could be ‘closer’ indeed.



Source link

Tags: bitcoin newsCommissionercrypto analysiscrypto newsEthoz EdgeHesterhintsLatest bitcoin newslatest crypto newsPeirceRegulationSECstablecoinstricter
Share76Tweet47

Related Posts

FSB calls for global regulation of multifunction crypto firms

by ethozedge
November 28, 2023
0

The Financial Stability Board (FSB) says multifunction crypto-asset intermediaries (MCIs) are critical to the cryptocurrency ecosystem. However, their business models...

UK Finance Minister proposes a sandbox initiative for crypto regulations

by ethozedge
November 23, 2023
0

UK Chancellor Jeremy Hunt has revealed plans for a cryptocurrency legislative initiative. The government aims to pass legislation to officially...

Germany’s Commerzbank obtains crypto custody licence

by ethozedge
November 15, 2023
0

Commerzbank has become the first full-service bank in Germany to receive regulatory approval for a crypto custody licence. Commerzbank, among...

IMF MD asks for global preparation for central bank digital currencies (CBDCs)

by ethozedge
November 15, 2023
0

IMF’s Georgieva urges global readiness for CBDCs at Singapore FinTech Festival. CBDCs are a potential cash replacement, enhancing resilience, and...

Dubai approves XRP under its virtual assets regime

by ethozedge
November 2, 2023
0

Ripple says approval allows licensed firms to incorporate XRP into their crypto asset services. CEO Brad Garlinghouse notes that Dubai...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Bybit Might Be In Major Trouble With Coinbase’s CFTC Investigation, Here’s Why

November 29, 2023

International Money Transfer Company Paysend Raises $65 Million in Funding

November 29, 2023

Animoca Brands Records Huge Success with Season 2 of Publisher NFTs Sale

November 29, 2023

Everyone Needs An Uncle Jim

November 29, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$37,661.00-1.34%
  • ethereumEthereum(ETH)$2,026.71-1.69%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.11%
  • binancecoinBNB(BNB)$226.95-1.71%
  • rippleXRP(XRP)$0.61-0.89%
  • solanaSolana(SOL)$59.331.47%
  • usd-coinUSDC(USDC)$1.00-0.06%
  • staked-etherLido Staked Ether(STETH)$2,024.52-1.64%
  • cardanoCardano(ADA)$0.382801-1.07%
  • dogecoinDogecoin(DOGE)$0.080455-0.30%
  • tronTRON(TRX)$0.103180-0.25%
  • ToncoinToncoin(TON)$2.39-2.63%
  • chainlinkChainlink(LINK)$14.50-0.97%
  • avalanche-2Avalanche(AVAX)$20.900.92%
  • matic-networkPolygon(MATIC)$0.75-0.26%
  • polkadotPolkadot(DOT)$5.16-2.43%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$37,658.00-1.23%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • daiDai(DAI)$1.00-0.13%
  • litecoinLitecoin(LTC)$69.60-0.54%
  • shiba-inuShiba Inu(SHIB)$0.000008-1.22%
  • uniswapUniswap(UNI)$6.03-2.44%
  • bitcoin-cashBitcoin Cash(BCH)$222.87-0.36%
  • leo-tokenLEO Token(LEO)$3.971.70%
  • stellarStellar(XLM)$0.118424-0.11%
  • okbOKB(OKB)$55.29-2.48%
  • moneroMonero(XMR)$165.66-0.71%
  • true-usdTrueUSD(TUSD)$1.00-0.12%
  • KaspaKaspa(KAS)$0.128269-3.63%
  • cosmosCosmos Hub(ATOM)$9.17-1.25%
  • ethereum-classicEthereum Classic(ETC)$18.67-1.11%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • crypto-com-chainCronos(CRO)$0.090992-3.43%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • filecoinFilecoin(FIL)$4.43-2.98%
  • internet-computerInternet Computer(ICP)$4.48-3.11%
  • hedera-hashgraphHedera(HBAR)$0.059781-2.88%
  • lido-daoLido DAO(LDO)$2.25-3.67%
  • AptosAptos(APT)$6.99-1.12%
  • thorchainTHORChain(RUNE)$6.314.23%
  • nearNEAR Protocol(NEAR)$1.80-0.92%
  • binance-usdBUSD(BUSD)$1.00-0.07%
  • MantleMantle(MNT)$0.52-2.31%
  • immutable-xImmutable(IMX)$1.27-5.95%
  • vechainVeChain(VET)$0.021518-1.43%
  • optimismOptimism(OP)$1.67-3.05%
  • BittensorBittensor(TAO)$251.960.45%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • quant-networkQuant(QNT)$97.91-1.87%
  • aaveAave(AAVE)$96.47-1.61%
  • injective-protocolInjective(INJ)$16.78-0.86%
  • makerMaker(MKR)$1,534.293.53%
  • the-graphThe Graph(GRT)$0.143435-2.93%
  • ArbitrumArbitrum(ARB)$1.00-2.09%
  • render-tokenRender(RNDR)$3.23-3.23%
  • Rocket Pool ETHRocket Pool ETH(RETH)$2,217.19-1.61%
  • elrond-erd-2MultiversX(EGLD)$43.42-1.06%
  • havvenSynthetix Network(SNX)$3.34-2.14%
  • blockstackStacks(STX)$0.753.88%
  • algorandAlgorand(ALGO)$0.131805-1.37%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • theta-tokenTheta Network(THETA)$0.96-0.92%
  • flowFlow(FLOW)$0.65-3.17%
  • bitcoin-cash-svBitcoin SV(BSV)$46.30-0.34%
  • CelestiaCelestia(TIA)$6.11-4.16%
  • the-sandboxThe Sandbox(SAND)$0.408847-1.94%
  • axie-infinityAxie Infinity(AXS)$6.45-5.47%
  • fantomFantom(FTM)$0.301175-5.44%
  • First Digital USDFirst Digital USD(FDUSD)$1.00-0.11%
  • BitDAOBitDAO(BIT)$0.592.96%
  • decentralandDecentraland(MANA)$0.435385-1.35%
  • kucoin-sharesKuCoin(KCS)$8.113.76%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.38-0.22%
  • iotaIOTA(IOTA)$0.25498146.71%
  • eosEOS(EOS)$0.68-0.38%
  • Bitget TokenBitget Token(BGB)$0.54-0.56%
  • neoNEO(NEO)$10.75-1.92%
  • kavaKava(KAVA)$0.76-0.82%
  • tezosTezos(XTZ)$0.82-0.28%
  • usddUSDD(USDD)$1.00-0.27%
  • galaGALA(GALA)$0.025016-6.04%
  • mina-protocolMina Protocol(MINA)$0.70-5.79%
  • terra-lunaTerra Luna Classic(LUNC)$0.0001182.87%
  • xdce-crowd-saleXDC Network(XDC)$0.049043-0.29%
  • WEMIXWEMIX(WEMIX)$2.054.83%
  • fraxFrax(FRAX)$1.000.12%
  • illuviumIlluvium(ILV)$108.86-4.60%
  • sapphireSapphire(SAPP)$0.7035.32%
  • klay-tokenKlaytn(KLAY)$0.194291-4.36%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • Frax EtherFrax Ether(FRXETH)$2,023.01-1.64%
  • Tokenize XchangeTokenize Xchange(TKX)$7.482.83%
  • CheeleeCheelee(CHEEL)$11.09-0.59%
  • Pyth NetworkPyth Network(PYTH)$0.397132-8.34%
  • dydxdYdX(ETHDYDX)$3.23-0.28%
  • gatechain-tokenGate(GT)$4.230.09%
  • apecoinApeCoin(APE)$1.56-4.55%
  • SuiSui(SUI)$0.59-5.51%
  • radixRadix(XRD)$0.0550836.21%
  • BlurBlur(BLUR)$0.51-5.21%
  • ecasheCash(XEC)$0.000029-1.18%
  • fetch-aiFetch.ai(FET)$0.53-2.19%
  • rocket-poolRocket Pool(RPL)$27.38-1.26%
  • frax-shareFrax Share(FXS)$7.130.16%
  • gasGas(GAS)$7.95-3.88%
  • conflux-tokenConflux(CFX)$0.148999-4.57%
  • pancakeswap-tokenPancakeSwap(CAKE)$2.20-2.48%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • chilizChiliz(CHZ)$0.072994-0.47%
  • arweaveArweave(AR)$7.742.12%
  • curve-dao-tokenCurve DAO(CRV)$0.55-3.82%
  • Rollbit CoinRollbit Coin(RLB)$0.164716-3.34%
  • tether-goldTether Gold(XAUT)$2,041.430.13%
  • gnosisGnosis(GNO)$190.77-1.92%
  • terrausdTerraClassicUSD(USTC)$0.05302619.03%
  • compound-ethercETH(CETH)$40.68-1.78%
  • pax-goldPAX Gold(PAXG)$2,022.02-0.04%
  • trust-wallet-tokenTrust Wallet(TWT)$1.11-1.92%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • SeiSei(SEI)$0.252510-10.75%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$2,157.91-1.91%
  • huobi-tokenHuobi(HT)$2.84-0.46%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • paxos-standardPax Dollar(USDP)$1.000.00%
  • terra-luna-2Terra(LUNA)$0.75-1.36%
  • gmxGMX(GMX)$48.28-3.54%
  • cWBTCcWBTC(CWBTC)$756.11-1.68%
  • PepePepe(PEPE)$0.000001-4.68%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • bittorrentBitTorrent(BTT)$0.0000000.27%
  • osmosisOsmosis(OSMO)$0.696.16%
  • oasis-networkOasis Network(ROSE)$0.085185-0.67%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$2,137.81-1.66%
  • nexoNEXO(NEXO)$0.75-0.97%
  • zcashZcash(ZEC)$28.85-0.61%
  • heliumHelium(HNT)$2.883.81%
  • ORDIORDI(ORDI)$19.55-5.18%
  • BeamBeam(BEAM)$0.008853-5.99%
  • KujiraKujira(KUJI)$3.20-1.49%
  • casper-networkCasper Network(CSPR)$0.0333772.00%
  • stepnSTEPN(GMT)$0.273617-6.20%
  • woo-networkWOO Network(WOO)$0.212708-5.02%
  • huobi-btcHuobi BTC(HBTC)$41,619.001.63%
  • singularitynetSingularityNET(AGIX)$0.298315-4.24%
  • zilliqaZilliqa(ZIL)$0.0212831.94%
  • msolMarinade staked SOL(MSOL)$68.251.35%
  • merit-circleMerit Circle(MC)$0.831.59%
  • AxelarAxelar(AXL)$0.754.29%
  • akash-networkAkash Network(AKT)$1.62-5.96%
  • DogechainDogechain(DC)$0.001787-24.98%
  • 1inch1inch(1INCH)$0.340905-1.56%
  • AstarAstar(ASTR)$0.065683-1.05%
  • compound-governance-tokenCompound(COMP)$50.49-1.77%
  • Aleph ZeroAleph Zero(AZERO)$1.37-5.29%
  • dashDash(DASH)$29.67-2.42%
  • 0x0x Protocol(ZRX)$0.4034992.59%
  • FlareFlare(FLR)$0.011809-1.85%
  • basic-attention-tokenBasic Attention(BAT)$0.2256676.40%
  • nemNEM(XEM)$0.0362531.40%
  • apenftAPENFT(NFT)$0.0000000.87%
  • qtumQtum(QTUM)$3.03-1.31%
  • FLOKIFLOKI(FLOKI)$0.000032-1.60%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • mx-tokenMX(MX)$2.95-0.50%
  • EthereumPoWEthereumPoW(ETHW)$2.75-8.82%
  • RoninRonin(RON)$1.07-0.02%
  • convex-financeConvex Finance(CVX)$3.53-3.15%
  • theta-fuelTheta Fuel(TFUEL)$0.0447503.33%
  • enjincoinEnjin Coin(ENJ)$0.284081-3.71%
  • WorldcoinWorldcoin(WLD)$2.40-4.89%
  • bitcoin-goldBitcoin Gold(BTG)$16.117.48%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • mask-networkMask Network(MASK)$3.38-1.38%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • holotokenHolo(HOT)$0.001556-1.62%
  • justJUST(JST)$0.030899-1.67%
  • loopringLoopring(LRC)$0.2200791.69%
  • yearn-financeyearn.finance(YFI)$8,253.85-3.92%
  • celoCelo(CELO)$0.53-0.78%
  • Lido Staked SOLLido Staked SOL(STSOL)$68.111.68%
  • SafePalSafePal(SFP)$0.63-1.88%
  • BeldexBeldex(BDX)$0.044576-5.47%
  • Nexus MutualNexus Mutual(NXM)$41.4025.53%
  • ethereum-name-serviceEthereum Name Service(ENS)$8.48-1.41%
  • ribbon-financeRibbon Finance(RBN)$0.303376-2.82%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • BonkBonk(BONK)$0.000004-2.46%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • Utility Web3ShotUtility Web3Shot(UW3S)$0.4725710.00%
  • FasttokenFasttoken(FTN)$1.21-0.28%
  • flex-coinFLEX Coin(FLEX)$2.48357.01%
  • ankrAnkr Network(ANKR)$0.024386-0.23%
  • golemGolem(GLM)$0.2435320.98%
  • oec-tokenOKT Chain(OKT)$13.62-0.66%
  • iconICON(ICX)$0.247532-0.60%
  • siacoinSiacoin(SC)$0.0046873.57%
  • iotexIoTeX(IOTX)$0.0253552.94%