A Crypto Future
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A Crypto Future
One hitch to the tokens was that they were illegal to sell inside the United States. The explosion of new crypto tokens had spawned a new game of cat and mouse, between token creators and securities regulators. The world’s most aggressive securities regulator, the US Securities and Exchange Commission, now devoted a meaningful amount of energy to a
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
of that explained what Sam was about to do at this moment—and what would later feel a lot harder to explain or even to believe. He set out to establish FTX as the world’s most regulated, most law-abiding, most rule-following crypto exchange. To acquire as many licenses to allow him to operate legally and openly in as many countries as he could. To
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
As crypto becomes mainstream, regulation is coming. A united industry that has thought deeply about coordination and scaling issues, and has developed sophisticated institutions that can engage with existing structures will be invaluable. Institutions could support growth, innovation and help to bring crypto mainstream in a way that retains the ben... See more