Not the best week for crypto lending: Law Decoded, June 20-27
The Celsium failure continues to draw attention to the lending issues from regulators and community. Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made its entryway to the acute issues list for the regulators. Last week, lawmakers and officials continued to raise the question of necessary action, with significant utterance belonging to one of the key European crypto skeptics, Christine Lagard. European Central Bank president got so impressed with the Celsius crisis that she coined the term "MiCa II," referring to the main regulatory package....
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The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto. Editor’s noteLadies and gentlemen, it is bittersweet to welcome you to the final installment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter back up at some point, there are no plans to do so now.Taking advantage of the rose-tinted glasses or maybe the graduation goggles that are in effect for this final newsletter, I will be shaking up the format. As last week’s Law Decoded focused on a few long-standing stories in crypto, this week, I....
The end of the U.S. federal government's fiscal year brought a cascade of major announcements from agencies. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor's noteIn a tweet late last night, President Trump said that he and Melania had tested positive for COVID-19. If you weren’t already aware of that, you may want to catch up on a deluge of wishes for life and death, alongside speculation as to Trump’s announcement being a hoax, before sitting down to this week’s Law Decoded. Or possibly not.Every week leading....
The evolution of crypto lending is continuing at pace, with new projects regularly coming onstream. These platforms, most of which exist in the decentralized finance (DeFi) realm, offer users the ability to obtain loans without having to contend with intermediaries and accept counterparty risk. In concert with asset issuance, payments, governance, and insurance, crypto lending is helping to construct a new and fairer blockchain-based financial system. Crypto Lending Ecosystem Expands The crypto lending landscape currently […]
The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most lending firms to evade liquidation. Their turbulent waves created distrust, loss of hope, and funds for many investors. In the history of the crypto lending space, instability and quaking are connected to the collapse of […]
With the election taking all the air out of the room, we look at what new appointments at the DoJ could mean. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor's noteAre you over the election? I’m over the election. But you can bet that as soon as I finish writing this week’s Law Decoded, I will compulsively check up on what’s happening in Georgia and Pennsylvania. And it seems that I’m not alone.Despite the election highjacking the entire news cycle, crypto has not been completely left in the corner. Likely most....