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FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for

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Cryptocurrency 18 minutes ago (Nov 10, 2022 07:20PM ET)

FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for FTX turmoil increases scrutiny of industry, something institutional investors have been waiting for

The recent liquidity crisis at FTX will increase regulatory scrutiny in the crypto industry, which is what institutional investors are seeking, a number of sources told Cointelegraph on Nov. 10.

“This event will be used as a cornerstone to spark new crypto regulations, which is good for the healthy development of the industry. A more comprehensive regulatory framework has the potential to protect long-term investors from fraud and other risks,” stated Julian Hosp, co-founder and CEO of Cake DeFi.

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