We could use crypto regulation after FTX — but let’s start with basic definitions By Cointelegraph
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As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use cases powering positive change. But other times, it’s based on the assumption that all players in this industry are the same, which is just not true.
Recently, skepticism reached new heights with the epic crash of FTX, one of the largest crypto exchanges in the world — and perhaps the largest-ever example of the need for regulatory oversight. Given the positioning of FTX, it was an incredible leap to see them face insolvency. When the news broke, we saw a massive downturn in the digital assets market. Consumers were left to decide whether FTX — or any entity in our space — is a safe steward of their funds.
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As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use cases powering positive change. But other times, it’s based on the assumption that all players in this industry are the same, which is just not true.
Recently, skepticism reached new heights with the epic crash of FTX, one of the largest crypto exchanges in the world — and perhaps the largest-ever example of the need for regulatory oversight. Given the positioning of FTX, it was an incredible leap to see them face insolvency. When the news broke, we saw a massive downturn in the digital assets market. Consumers were left to decide whether FTX — or any entity in our space — is a safe steward of their funds.
Continue Reading on Coin Telegraph
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