FTX failure resets US crypto legislative program

Lawmakers expected to seek stronger customer protection; industry wants flexibility for DeFi

Credit: Photo: Sipa US/Alamy Stock Photo

The dramatic failure of FTX could send draft US legislation to regulate digital assets right back to the starting line, ex-regulators say.

“The collapse of FTX underscores the need for a much stronger regulatory framework around crypto generally and in particular for trading platforms,” says Timothy Massad, former chairman of the Commodity Futures Trading Commission (CFTC).

Lee Reiners, policy director at the Duke Financial Economics Centre and a former Federal Reserve supervisor, agrees:

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here