FTX collapse exposed 'weaknesses' in crypto, Janet Yellen says

2022/11/14 13:41

According to CoinDesk, in the aftermath of crypto exchange FTX's fall from grace, U.S. Treasury Secretary Janet Yellen said the industry needs "very careful regulation," Bloomberg reported Saturday.
“It shows the weaknesses of this entire sector,” Yellen said referring to the collapse of Sam Bankman-Fried's multibillion dollar enterprise – the same one that was, just months ago, looking to rescue other embattled crypto firms from the market crash earlier this year.
The U.S. government is already looking into regulating the industry under an executive order from President Joe Biden.

2Bearish1Share

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。