JP Koning

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Jeremy Allaire, Co-Founder, Chairman and CEO, Circle (CoinDesk)

Consensus Magazine

USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble

The stablecoin offers greater transparency than competitors like USDT but that proved of little value as it was depegged during the recent banking crisis, says J.P. Koning.

By JP Koning

Apr 5, 2023 at 5:51 p.m. UTC

Apr 5, 2023

OpinionTransparencyCircleStablecoinsSignature Bank

Consensus Magazine

Policy week 2023

The Pluses and Minuses of Regulating Crypto as Gambling

Let's face it, a lot of crypto trading is more like gambling than investing. So why not regulate the industry that way? JP Koning says there are benefits and demerits to the idea.

By JP Koning

Jan 25, 2023 at 3:44 p.m. UTC

Jan 25, 2023

Policy Week 2023GamingOpinionRegulation

(Piret Ilver/Unsplash, modified by CoinDesk)

Consensus Magazine

Opinion

How Tether Can Be a More Stable Stablecoin

Tether, the world's biggest stablecoin, has a problem. When the going gets tough, Tether users want out of Tether. What can the company do to change things?

By JP Koning

Dec 29, 2022 at 4:11 p.m. UTC

Dec 29, 2022

OpinionStablecoinTetherUSDT

Consensus Magazine

Opinion

Japan Was the Safest Place to Be an FTX Customer

As regulators look to regulate exchanges in light of the FTX's collapse, they would do well to look to Japan, which has some of the most mature rules in the world.

By JP Koning

Dec 13, 2022 at 3:17 p.m. UTC

Dec 13, 2022

OpinionFTXJapanFtx collapseBankruptcyCrypto 2023

CDCROP: Western Union sign in Germany (Sean Gallup/Getty Images)

Layer 2

Opinion

Let's Stop Regulating Crypto Exchanges Like Western Union

It's time for U.S. crypto exchanges to face the same rules as non-crypto marketplaces and brokers, says our columnist.

By JP Koning

Nov 22, 2022 at 9:31 p.m. UTC

Nov 22, 2022

OpinionRegulationMoney TransmittersFTX

CDCROP: Yellow arrow sign on airport runway, aerial view (Getty Images)

Layer 2

Opinion

Reversibility on Ethereum: The Benefits and Pitfalls

The equivalent of “chargebacks” on Ethereum would be controversial but would ultimately help the blockchain to become more useful.

By JP Koning

Oct 11, 2022 at 7:07 p.m. UTC

Oct 11, 2022

Opinion

(Nikolas Noonan/Unsplash, modified by CoinDesk)

Consensus Magazine

Tornado cash

How to Stop Illegal Activity on Tornado Cash (Without Using Sanctions)

Rather than sanctioning code, U.S. authorities should have targeted the human intermediaries.

By JP Koning

Sep 29, 2022 at 7:04 p.m. UTC

Sep 29, 2022

Tornado CashOpinionOFACSanctionsMoney Laundering

Consensus Magazine

Opinion

How to Stop Forsage, Meta Force and Other Smart Contract Pyramid Schemes

An SEC indictment notwithstanding, it's not easy to taking down online pyramid schemes, says our columnist. Here are some ideas.

By JP Koning

Aug 8, 2022 at 5:00 p.m. UTC

Aug 8, 2022

OpinionPonziSECPyramid Scheme

Consensus Magazine

Opinion

New York Regulators Have Planted a Seed for Stablecoin Transparency

New guidance from the New York Department of Financial Services should shake up how stablecoin issuers do attestation and other reporting, says our columnist.

By JP Koning

Jul 6, 2022 at 4:34 p.m. UTC

Jul 6, 2022

OpinionStablecoinsTetherNYDFSCircle

Consensus Magazine

Opinion

What to Watch for in Tether's Upcoming Attestation Report

The leading stablecoin project still hasn’t published its March report attesting to its reserves. Following Terra, investors have a right to more timely information, says our columnist.

By JP Koning

May 18, 2022 at 5:21 p.m. UTC

May 18, 2022

OpinionStablecoinTetherTerra