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As Bloomberg reported, Dimon did say he thought stablecoins — which are pegged to some other financial instrument, like a currency, to try and limit its volatility — could be a positive thing if they were regulated. Such regulation is in the works, Reuters reported. The collapse of Celsius network, which filed for bankruptcy in July, put a spotlight on the troubles crypto investors can face when a shiny startup goes belly up.
Retail investors in these situations are typically not prioritized. However, Celsius was called an actual " Ponzi scheme " in one lawsuit.


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