**Crypto News Flash: Tai Mo Shan Settles with SEC for $123M**

- Tai Mo Shan, a Jump Crypto subsidiary, has agreed to a $123 million settlement with the SEC. The charge? Misleading investors about TerraUSD's stability before its collapse.

- In 2021, Tai Mo Shan bought Terra LUNA at a discount and invested $20 million in UST to maintain its dollar peg. However, TerraUSD's crash in May 2022 shook the crypto world.

- The fallout prompted regulatory changes, like the Lummis-Gillibrand Stablecoin Act of 2024, banning algorithmic stablecoins. The SEC emphasizes compliance with securities laws to protect investors.