Critically Important Watch: FTX Collapse: Full Impact Has Yet to Be Seen | Bloomberg Crypto
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"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Antoni Trenchev, Co-Founder of crypto lender Nexo, says we have not yet seen the full effects of FTX's meltdown. Hester Peirce, Republican SEC Commissioner, says the lack of US regulatory clarity for the crypto industry is problematic. Perianne Boring, CEO of trade group Chamber of Digital Commerce, says she's concerned about policymakers overreacting to the FTX crisis.
#bitcoin #ftx #binance #technology #finance #crypto #bankruptcy #cryptocurrency
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#bitcoin #ftx #binance #technology #finance #crypto #bankruptcy #cryptocurrency
------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbus...
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Francisco Gimeno - BC Analyst The FTX debacle, more news about regulations and regulatory clarity in the crypto ecosystem are the focus of this extended Bloomberg podcast. Fortunately this channel's opinions are more balanced and serious than the Twitter comments and "This is the end of crypto" podcasts which are flooding the Internet now. While we expect more ripples and consequences from FTX fall, soon or later cooler minds will take the steering and sign what can we learn from this as we learnt from Circle, Celsius, and all the unraveling of this long crypto winter. The biggest concern is now which type of regulations, who is behind the philosophy of any regulation coming, and if this is going to help the crypto market to thrive again. We are repeating the same stage as banking system before regulations were put in place first in nations then globally. We have to focus on not overreacting, but trying to get to the raw truth of what has happened to avoid new happenings, learning from these mistakes, and win over the crypto sceptics who talk about scams, pyramidal schemes and lack of foundations in crypto to the despair of those who are true believers in a new financial digital system. We also believe a new Crypto.2 is necessary and maybe this will help to make it appear faster for the good of all.