Recent Bank Collapses Highlight Need for Crypto Regulation in the US

06/26 12:45

June 26 (Huobi) - The recent collapses of banks such as Silvergate, Silicon Valley Bank, and Signature Bank have exposed the need for regulation in the crypto industry. These banks were heavily involved in the industry, providing fiat on-ramps for retail investors. The fallout from the FTX incident caused capital to dry up, leading to bank runs and institutional failures.

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