EU Sees Need For Cryptocurrency Regulation As Market Roils

By Humberto J. Rocha (June 14, 2022, 4:08 PM BST) -- The European Union said on Tuesday that cryptocurrency regulation was a priority after digital markets continue to take a beating that has wiped out billions in value in recent weeks.

Mairead McGuinness, EU commissioner for banking and finance policy, told the European Parliament's Committee on Economic and Monetary Affairs that the regulation of all cryptocurrencies "is necessary" to protect consumers and uphold market integrity.

McGuinness cited recent events such as the collapse of TerraUSD — supposedly a safer stablecoin, which relied on an algorithm to stabilize its value — in May and the sell-off of digital assets that followed as an example...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!