Olta Andoni, Deputy General Counsel at Ava Labs, and Ari Redbord, Head of Legal and Government Affairs at TRM Labs, dive into the fallout from the Terra stablecoin’s collapse. They discuss the urgent need for regulatory action and how the incident might reshape the landscape for stablecoins, particularly the differences between algorithmic and dollar-backed assets. Key topics include potential criminal charges against Terraform executives, the importance of international regulatory consistency, and the implications of new U.S. legislative efforts on the future of stablecoin innovation.