U.S. Senator says Terra investors may be victims of fraud

05/24 02:50

Pennsylvania Senator Pat Toomey recently told Barron’s that Terra may be a fraudulent project. The Republican lawmaker has pointed to the fact that Luna promised huge returns while offering “very dubious technology.” Toomey, who recently introduced a draft bill focusing on private stablecoins, added that investors were possibly misrepresenting the nature of Terra.
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