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With the collapse of FTX and Alameda so close on the heels of
Celsius, one thing is clear – the regulatory and enforcement
storm so many anticipated coming to crypto is now here.
Unfortunately, regardless of what the facts surrounding FTX and
Alameda ultimately turn out to be, incidents like this serve to
reinforce the biases of enforcement agencies against all crypto
companies, regardless of their construction, design, operation, or
leadership. For some prosecutors and investigators, this incident
will be seen as validation of the view that everything and everyone
in the crypto space is dirty, or a scam (or both).
That’s not true, and it’s not fair, but it’s the
reality crypto companies are facing. And…
