by Andrew S. Boutros, Steven A. Engel, David N. Kelley, Timothy Spangler, Andrew J. Schaffer, and Peter J. McGinley
- Volatility in the market for so-called stablecoins has led to recent litigation against a stablecoin issuer and Coinbase, the popular cryptocurrency trading platform. That case reflects a broader trend of private investors bringing crypto-based litigation in the United States.
- The collapse of stablecoin TerraUSD sent ripple effects through cryptocurrency markets earlier this month and raises important questions about potential legal challenges and future regulation of stablecoins.