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Nope! We need this experiment to play out to see if the bitcoin maximalists are right. They created this world so if it succeeds they can claim victory, if it fails the damage is contained to them. The only regulations should be against 401k, pensions, etc. investing in crypto
No regulation, let it fall. A lesson needs to be learned. No bailouts!
putting crypto under the FDICgov is one of the worst possible ideas I can think of, because existing legal frameworks are NOT suited capture crypto exposure or risks. We need new rules. Neither would the FDIC be able to 'audit' a crypto project, as they do in CeFi.
Agreed. Not regulating or any further delay will cause opportunists like SBF of FTX exploiting retail investors.
Problem is that these laws are made to regulate dinosaurs
So no mention of this thing?
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New FTX chief says crypto group will pursue reorganisation or sale\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. What's to sell Meanwhile, on a sandy beach in the Bahamas, SBF gloats to a VOX reporter about how easy it was to scam so many people, including lawmakers. There appears to be zero movement toward criminal prosecution. ZEROaccountability Let’s see how tries to make this into another attack on Binance. Seriously, get your crypto news somewhere else FT are pro SBF shills.
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