Despite Do Kwon's problems with the law, users believe in LUNC, increasing its cost. The belief in a bright future is also reinforced by Binance, which burns tokens.
According to Bloomberg sources, the House of Representatives is actively developing a law aimed at a two-year ban on algorithmic stablecoins like TerraUSD. In the text of the law, the term "endogenously collateralized stablecoins" was introduced for such coins.
At the end of 2021 the US retailer Walmart filed several trademark applications that indicated its intention to offer users a virtual currency and NFTs. Recently it has launched two online game worlds in Roblox, a popular Web2 gaming platform.
President Biden issued executive order on digital assets tasking federal agencies to coordinate their work on developing a framework. US Treasury, the White House Office of Science and Technology Policy presented their response reports in a joint call.
NFT and DeFi dominated the second wave of crypto market’s expansion after Initial Coin Offerings (ICO) of 2017. But what are the differences and similarities of these two markets from the regulatory point of view?
