Reported 1 day ago
Paul Atkins, Donald Trump's nominee for the Securities and Exchange Commission chair, attributed the collapse of the FTX crypto exchange to US regulatory failures, claiming that the government did not adapt rules for emerging technologies. His remarks, made during a podcast, reflect a broader sentiment in the crypto industry about regulatory challenges, highlighting the potential shift in oversight under a Trump administration that may favor crypto operations in the US over strict regulations. While some in the crypto sector celebrated his nomination, there are concerns about possible increased fraud and less regulatory enforcement.
Source: YAHOO