Scrutiny of major crypto institutions is intensifying
The industry is calling this its “Dodd-Frank moment”
The crypto crowd is hardly known for understating its own importance. Its members dubbed the implosion of ftx, the crypto exchange which collapsed spectacularly in November, the industry’s “Lehman Brothers moment”, a nod to the enormous ramifications of the fall of the investment bank. Now they say the industry is going through its “Dodd-Frank moment”, a reference to the sprawling financial regulations that were put in place after Lehman’s collapse.
This article appeared in the Finance & economics section of the print edition under the headline “The afterFTX”
Finance & economics February 18th 2023
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