However, there are many factors that can influence the final outcome.Many market participants were not concerned about the sector’s long-term health during the year. They believe that 2023 will bring back confidence and provide legal frameworks.
TechCrunch was told by Catherine Dowling, Bitwise Asset Management’s general counsel, that cryptocurrency is on the verge of recovery. “This is not the end of cryptocurrency.”
It is worth looking forward, as many believe that cryptocurrency is still available. After the FTX collapse, cryptocurrency bums are certain. Questions were raised about the future and what the regulators would do.
“There is no incentive for regulators to reduce their level of enforcement activity and they are likely to be encouraged by recent events.” Meyer Brown Joe Castelluccio
However, it’s difficult not to overstate the disappointment at FTX’s implosion, Yesha Yadav of Vanderbilt University, professor of law and director for diversity, equality and communii, told TechCrunch. “The level of disappointment, disappointment, and sense of deception with FTX runs so deep because it was seen as one of the most compliance-friendly institutions in the cryptocurrency economy that would lead the regulatory effort.”
Yadav said that FTX is “the poster boy for everything that could go wrong”. His downfall forced organizers to go back to the drawing board. “They might have to do something else, far-reaching, and more difficult in response to what happened.”
But, What can we expect from the organizersIn 2023
Some final arrangements will be made by the organizers suggestionsThey did, Alma Angotti of Guidehouse, Partner and Lead Global Regulatory & Regulatory Risk, said to TechCrunch. “I think there is a realization that the industry is too big to continue to be ‘wait and see.
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