LCXwire has released a potentially controversial article “Stablecoin UST & Luna Coin Crash Threatens To Destroy Bitcoin & Crypto, Regulators May Seize Opportunity To Create Massive Regulation”, bringing some cause for concern, as the article may upset any individual or group that have or are interested in investing in cryptoassets.
The 1,400 word article examines the high and low points of the Crypto Market crash, how the crash threatens excessive regulation by regulators, and in providing a quick, broad overview of the impact of a stablecoin crash on the long-term outlook for the crypto market for investors wanting to sell or buy cryptoassets. In a typical manner, a certain element of the article is set to spark discontent amongst some cryptocurrency investors.
Below is a portion of the piece, which neatly exemplifies the controversial element:
Treasury Secretary Janet Yellen expressed concern about the troubles with UST, a stablecoin that has lost its dollar peg in recent days. She said UST had “experienced a run” at a Senate Banking Committee hearing Tuesday. Stablecoins have come under increasing scrutiny by regulators because of their growth and potential to cause a systemic risk to the financial system.
Although the article, “Stablecoin UST & Luna Coin Crash Threatens To Destroy Bitcoin & Crypto, Regulators May Seize Opportunity To Create Massive Regulation” might unsettle any individual or group that have or are interested in investing in cryptoassets, LCXwire’s duty is to the LCXwire readers. LCXwire believes “it’s more important to seek an unbiased and fair perspective of both positive and negative impacts to the crypto market, than to please everyone. Which is notoriously difficult to do.”
To date there has been no backlash as of yet however, the possibility exists as the article introduces the concept of how regulators may begin to regulate the crypto market and many, many crypto investors view regulation as a potential death knell for crypto as it now exists.
LCXwire has been a provider of in depth articles in the Cryptocurrency market for since 2021.
LCXwire has stated the future aims for the website are to provide a breadth of relevant information impacting the Liechtenstein Cryptoasset Exchange and the associated tokens of LCX . So LCXwire hopes any controversy will pass quickly and re-emphasizes no offence is or was intended.
LCXwire’s complete article can be found at https://lcxwire.com/stablecoin-ust-luna-coin-crash-threatens-to-destroy-bitcoin-crypto-regulators-may-seize-opportunity-to-create-massive-regulation/
Release ID: 89075035