US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd (UST) fiasco as an example of why a comprehensive regulatory framework is urgently needed. Treasury Secretary Janet Yellen Testifies Before Senate...
Wrongfully Accused ‘Pirate’ Recoups $108k From ‘Copyright Troll’
Adult entertainment outfit Malibu Media has often been characterized as a copyright-trolling operation. The Los Angeles company, known for its popular “X-Art” brand, has gone after thousands of alleged file-sharers in U.S. courts, collecting millions of dollars in settlements. Not too long ago Malibu was one of the most active anti-piracy litigants in the U.S., but in recent years this activity ground to a halt. However, there was one...
Megaupload Pair Sign Deal to Avoid Extradition, Dotcom Vows to Fight On
January 2, 2022 marked the 10-year anniversary of the dramatic shutdown of Megaupload and other properties in the file-sharing and streaming empire of Kim Dotcom. For much of that time, Kim Dotcom and co-defendants Mattias Ortmann, Bram van der Kolk and Finn Batato have fought extradition to the United States to face copyright infringement, racketeering and money laundering charges. Over time, however, extradition has been slowly...
