Op-ed: Crypto markets need regulation to avoid more washouts like FTX, says Coinbase CEO Brian Armstrong
Crypto regulation in the U.S. has been hard to navigate, and regulators have so far failed to provide a workable framework for how these services can be offered in a safe, transparent way, argues Coinbase CEO Brian Armstrong. https://www.cnbc.com/2022/11/11/op-ed-crypto-markets-need-regulation-to-avoid-ftx-type-situations.html
We know FTX coordinated with the Democrats directly. They just this year hired 80.000(?) new IRS agents. So, this is all a giant setup to attack cryptocurrencies in general, right? Targeted attack. They burned billions of dollars and funneled a lot of it back to the Democrats. Apart from moving outside the entire West, what other safeguards are there to retain some freedom?