Wall Street Journal: FTX Collapse Puts Crypto Industry on the Defensive in Congress
Wall Street Journal: FTX Collapse Puts Crypto Industry on the Defensive in Congress. “The collapse of FTX has eroded cryptocurrency firms’ standing in Washington, dimming the prospects for industry-backed legislation and raising pressure on regulators to step up enforcement. Since the crypto-trading platform’s November bankruptcy, lawmakers have called for federal regulators such as the Securities and Exchange Commission to police cryptocurrency markets more aggressively.”