Tom Emmer the failure of FTX is not a failure of crypto, it is a failure of centralization.

[HAL1000]

 

[peanut56]

It's also due to the lack of due diligence by lawmakers. The funny thing is, it is almost impossible to regulated or control a decentralized digital asset, but an exchange of digitalassets could simply be forced to follow the same rules as traditional stock exchanges as regards to holdings and equity requirements, with some tailored made rules regarding holding D.A. in terms of custody, but that wouldn't bring the attention these fools need.