The Wolf Of All Streets $OM Collapse - What Really Happened? | Crypto Town Hall
Apr 14, 2025
Perianne Boring, Founder and CEO of the Chamber of Digital Commerce, and Sunny Lu, Founder of VeChain, delve into the recent collapse of the Mantra token OM, discussing its causes and drawing comparisons to past crypto disasters. They explore the evolving landscape of cryptocurrency legislation in the U.S., emphasizing the need for a cohesive regulatory framework. The duo also highlights the importance of liquidity and transparency in crypto investments, addressing the need for credible partnerships to mitigate risks and enhance market stability.
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Crypto Legislation
- The U.S. has a rare opportunity to pass stablecoin and market structure bills due to aligned political support.
- This moment is crucial as only 2% of introduced legislation becomes law.
Stablecoin Bill Nuances
- Finalizing good policy in the stablecoin bill matters alongside a federal pathway.
- A key missing piece is allowing U.S. stablecoins to offer yield, hindering their global competitiveness.
Market Structure Bill
- Ongoing market structure negotiations involve various stakeholders, aiming for a unified bill.
- Solidifying this in statute prevents future reversals of current positive regulatory developments.