🚀 Tai Mo Shan, a Jump Crypto subsidiary, is settling with the SEC for a cool $123M after a little "oopsie" with TerraUSD (UST). They allegedly misled investors about UST's stability before its epic nosedive in 2022.

- The SEC claims Tai Mo Shan snagged Terra LUNA at a discount and pumped $20M into UST to keep its dollar peg. Spoiler: it didn't work.

- The crash sent shockwaves, prompting new stablecoin regulations like the Lummis-Gillibrand Act.

What do you think about algorithmic stablecoins? Share your thoughts below! 💬