In this clip from the AMA, Mitch and I ask one of the most important questions circulating in Crypto right now: are regulators going to help or hurt the industry?
Some people go as far to say that SBF was planted by regulators to implode the crypto industry from the inside.
I don't necessarily buy that story but I do think that Regulators will take full advantage of the situation - as they always do.
We already hear them talking about crackdowns on various aspects of the industry and looking for ways to make it "impossible for this to happen again".
But take a look at TradFi. Look at traditional banks. If everyone went to the bank and tried to withdraw simultaneously, the banking system would collapse. There's not enough of their fake money for us to withdraw all at once.
Every system is a ponzi scheme at some level. The question is: which one will blow up and which one will be able to hold out long enough to grow and keep themselves afloat?
What's your take on regulation in crypto post-FTX?
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Return from Are Regulators Protecting Crypto Users or Hurting Them? to khaleelkazi's Web3 Blog
