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b'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:\\n\\nWhat the most important legal issues are for the Terra meltdown\\n\\nHow the Terra implosion will trigger more regulation of the space\\n\\nHow regulators seemed to think stablecoins should be regulated even before Terra\\n\\nHow their approach differs between dollar-backed stablecoins vs. algorithmic vs. crypto collateral-backed coins\\n\\nHow European regulators want stablecoin issuers to be treated like banks\\n\\nWhat the Lummis-Gillibrand bill would mean for US stablecoin regulation\\n\\nWhether Terra\\u2019s demise will mean that regulators won\\u2019t tolerate experimentation with algorithmic stablecoins\\xa0\\n\\nWhy regulators will be skittish about stablecoins in response to Terra\\u2019s\\xa0meltdown\\n\\nWhy Olta and Ari were impressed by the NY Department of Financial Services guidance on stablecoins\\n\\nWhat the establishment of SEC jurisdiction over Terraform Labs based on the Mirror investigation from last fall means for any enforcement action by the SEC over Terra\\xa0\\n\\nWhether Do Kwon and/or Terraform could face criminal charges in multiple jurisdictions\\n\\nWhy international regulatory consistency is important in the crypto space\\n\\nWhether civil and class-action lawsuits against Terraform could be expected\\n\\nHow Terra 2.0 could open TFL up to further action from regulators and law enforcement\\n\\nWhy more education is needed to overcome anxiety about DeFi regulations\\n\\nHow hack nondisclosures could be subject to government investigation\\n\\n\\xa0\\nThank you to our sponsors!\\nCrypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021\\xa0\\nBeefy Finance: https://beefy.finance/\\xa0\\n\\xa0\\nEpisode Links\\n\\xa0\\nOlta\\n\\nAvalanche\\n\\nhttps://www.avax.network/\\n\\nAva Labs\\n\\nhttps://www.avalabs.org/\\n\\nLinkedIn\\n\\nhttps://www.linkedin.com/in/oltaandoni/\\n\\nTwitter\\n\\nhttps://twitter.com/AndoniOlta\\n\\n\\xa0\\nAri\\n\\nTRM Labs Website:\\xa0\\n\\nhttps://www.trmlabs.com/\\n\\nTRM Labs Twitter\\n\\n https://twitter.com/trmlabs?s=20&t=m24Ir0OerqPgEejlhL-bdQ\\n\\nTRM Talks\\n\\nhttps://www.trmlabs.com/category/trm-talks\\n\\nLinkedIn\\n\\nhttps://www.linkedin.com/in/ari-redbord-4054381b4/\\n\\nTwitter\\n\\n https://twitter.com/ARedbord?s=20&t=m24Ir0OerqPgEejlhL-bdQ\\n\\n\\xa0\\nLummis-Gillibrand Bill\\nBill Introduction:\\n https://www.gillibrand.senate.gov/news/press/release/-lummis-gillibrand-introduce-landmark-legislation-to-create-regulatory-framework-for-digital-assets\\n\\nLegal Memo from DLx Law: https://dlxlaw.com/wp-content/uploads/2022/06/DLX_FSV-summary_RFIA_060722.pdf\\n\\n\\nLummis-Gillibrand Section by Section Overview (summary by bill authors): https://www.gillibrand.senate.gov/imo/media/doc/Lummis-Gillibrand%20Section-by-Section%20%5bFinal%5d.pdf\\n\\n\\nResponsible Financial Innovation Act (full text): https://www.gillibrand.senate.gov/imo/media/doc/Lummis-Gillibrand%20Responsible%20Financial%20Innovation%20Act%20%5bFinal%5d.pdf\\n\\n\\nBlog post intro (by Senator Kirsten Gillibrand): https://gillibrandny.medium.com/the-responsible-financial-innovation-act-218a764abd6c\\n\\n\\n\\xa0\\nFINMA\\nFINMA:\\nhttps://www.finma.ch/en/\\nFINMA on Stablecoins:\\n https://www.finma.ch/en/news/2019/09/20190911-mm-stable-coins/\\nFINMA Publishes Stablecoin Guidance:\\n https://www.sif.admin.ch/sif/en/home/finanzmarktpolitik/digitalisation-financial-sector/stablecoins.html\\n\\xa0\\nNY DFS\\nGuidance on Stablecoin Issuance:\\n https://www.dfs.ny.gov/industry_guidance/industry_letters/il20220608_issuance_stablecoins\\nPress Release:\\n https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202206081\\nCNBC Coverage:\\n https://www.cnbc.com/2022/06/08/new-yorks-financial-watchdog-issues-stablecoin-guidance-calls-for-reserve-requirements.html\\n\\xa0\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'