The Crypto Industry Also Needs to Fix Itself–CoinDesk

Select the culprits: The Securities and Trade Fee (SEC), the Commodity Futures Buying and selling Fee (CFTC) and their panoply of lawsuits, the U.S. Congress’ incapability to cross any important blockchain regulation, a lackluster Biden administration “Financial Report of the President” with 30 pages bashing the trade, the closure of two of probably the most crypto-friendly U.S. banks (Signature and Silicon Valley Financial institution), the Terra implosion and its ripple results, the FTX failure and its ripple results, the continued flurry of decentralized finance (DeFi) exploits in vulnerabilities, blockchain bridges failures, token costs tanking, elevated unfavorable public opinion, decreased institutional holdings – simply to call main illnesses going through the blockchain trade right this moment.