FTX failure resets US crypto legislative programme
Lawmakers expected to seek stronger customer protection; industry wants flexibility for DeFi
The dramatic failure of FTX could send draft US legislation to regulate digital assets right back to the starting line, ex-regulators say.
“The collapse of FTX underscores the need for a much stronger regulatory framework around crypto generally and in particular for trading platforms,” says Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC).
Lee Reiners, policy
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