Crypto and the various technology behind it is never going to flourish until the idiots with too much money stop pumping projects like FTX.
A lot of these companies are built on a house of cards, and because they are privately held and not required to publish their reserve status, it is easy to get sucked in. But are they solvent? Are they using your funds to buy stocks? Is your crypto actually being put into cold storage when it is on their exchange? Without 3rd party audits and regulations on how these companies operate, this is going to happen over and over again.
It is also pretty pathetic how the US is refusing to play ball and get regulation going. These exchanges are not going away, and people are going to buy / sell crypto regardless on how much jammies likes to whine about it. It needs to be regulated and in order to do that the biggest financial economy in the world needs to work with the exchanges.
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