Schrödinger's Regulation: Why We Do and Don’t Need New Crypto Regulation
blog.silvermint.net
The collapse of FTX is believed to be the fastest corporate collapse in US history. And it continues to toxically ripple through the industry. Unfortunately, it’s being used by overzealous lawmakers calling for draconian regulations on the industry, even though as we’ve pointed out, the FTX fraud had very little to do with crypto itself – it was an old-fashioned Bernie Madoff-style Ponzi scheme complete with political payouts, stealing from depositors and old-school money laundering. In the big picture, crypto was almost ancillary to the swindle.
Schrödinger's Regulation: Why We Do and Don’t Need New Crypto Regulation
Schrödinger's Regulation: Why We Do and Don’t…
Schrödinger's Regulation: Why We Do and Don’t Need New Crypto Regulation
The collapse of FTX is believed to be the fastest corporate collapse in US history. And it continues to toxically ripple through the industry. Unfortunately, it’s being used by overzealous lawmakers calling for draconian regulations on the industry, even though as we’ve pointed out, the FTX fraud had very little to do with crypto itself – it was an old-fashioned Bernie Madoff-style Ponzi scheme complete with political payouts, stealing from depositors and old-school money laundering. In the big picture, crypto was almost ancillary to the swindle.