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Podcast: Unchained
Episode: The Legal and Regulatory Fallout From Terra's Collapse: Who Will Pay?
Description: Olta Andoni, deputy general counsel at Ava Labs, and Ari Redbord, head of legal and government affairs at TRM Labs, discuss the Terra stablecoin meltdown, implications for impending international regulations, and the history of stablecoin regulation internationally. Topics covered include:
What the most important legal issues are for the Terra meltdown
How the Terra implosion will trigger more regulation of the space
How regulators seemed to think stablecoins should be regulated even before Terra
How their approach differs between dollar-backed stablecoins vs. algorithmic vs. crypto collateral-backed coins
How European regulators want stablecoin issuers to be treated like banks
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