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US congress research agency weighs in on UST crash, notes gaps in regulation

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cointelegraph.com

The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points out key factors to look at in the TerraUSD (UST) crash.

In the report, the CRS described the UST crash as a “run-like” scenario and posited that there are policy issues connected to the risk of such events.

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