{"id":512191,"date":"2022-11-19T00:19:53","date_gmt":"2022-11-18T21:19:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ftx-collapse-could-trigger-appetite-for-harsher-regulation-says-andrew-yang\/"},"modified":"2022-11-19T00:19:53","modified_gmt":"2022-11-18T21:19:53","slug":"ftx-collapse-could-trigger-appetite-for-harsher-regulation-says-andrew-yang","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ftx-collapse-could-trigger-appetite-for-harsher-regulation-says-andrew-yang\/","title":{"rendered":"# FTX collapse could trigger \u2018appetite&#8217; for harsher regulation, says Andrew Yang"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28853148fbf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28853148fbf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ftx-collapse-could-trigger-appetite-for-harsher-regulation-says-andrew-yang\/#%E2%80%9D_FTX_collapse_could_trigger_%E2%80%98appetite_for_harsher_regulation_says_Andrew_Yang_%E2%80%9C\" >&#8221; FTX collapse could trigger \u2018appetite&#8217; for harsher regulation, says Andrew Yang  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_FTX_collapse_could_trigger_%E2%80%98appetite_for_harsher_regulation_says_Andrew_Yang_%E2%80%9C\"><\/span>&#8221; FTX collapse could trigger \u2018appetite&#8217; for harsher regulation, says Andrew Yang  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvOWJkODI0NTctZDQ5OC00NTMyLTk5Y2UtMWYxYWI3MGQ5ZWUyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-887bb764>Calls for harsher regulations around cryptocurrencies and digital assets will likely grow louder in the aftermath of FTX\u2019s collapse \u2014 something former United States presidential candidate Andrew Yang said isn\u2019t conducive to making America a hotbed for blockchain innovation.\u00a0<\/p>\n<p>Speaking at the Texas Blockchain Summit in Austin on Nov. 18, Yang acknowledged that the bankruptcy of FTX and sister company Alameda Research would make common sense crypto regulation harder to pass in the short term.<\/p>\n<p>\u201cI&#8217;ve always been in the camp that some intelligent regulation is a good thing. I think it would help the industry mature and make it more mainstream. But, unfortunately, we missed a beat \u2014 like a major beat,\u201d he said, referring to the collective failures of FTX, FTX US and Alameda Research. <\/p>\n<p>\u201cBecause of FTX and the problems and the headlines and the real people that got hurt, there&#8217;s going to be an <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etite for regulation that, in my mind, might not hit the mark,&#8221; he said. &#8220;Because you want to be able to balance the very real concerns with the need to keep America the home of innovation and development of these tools.\u201d<\/p>\n<p>Yang acknowledged that the path to regulatory clarity on digital assets is more difficult because of the hyper-politicization of the two-party system. As such, the FTX fiasco will only embolden crypto\u2019s biggest opponents to try and squash the industry. Yang said he\u2019s working with the Bipartisan Policy Center, a D.C.-based think tank, to educate congresspeople about blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and its value proposition:<\/p>\n<blockquote><p>\u201c[W]e e work with the Bipartisan Policy Center to liaise with members of Congress or their offices or their policy teams and just educate them about what these tools are and what they can do and the problems they can solve and why their constituents actually care and value them. We work with the American Conference of Mayors to have various mayors stand up and say, look, the blockchain is a good thing.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>FTX meltdown triggers FINRA into probing crypto comms<\/em><\/strong><\/p>\n<p>The widening political chasm between Democrats and Republicans is something Yang has long been concerned about, telling Cointelegraph in May that the U.S. midterm elections further demonstrated the politicization of crypto. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Crypto regulation is now being discussed by the White House. https:\/\/t.co\/bidpXgunJt<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1590956740673212416?ref_src=twsrc%5Etfw\">November 11, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The need to regulate crypto appears to have intensified over the past week as lawmakers continue to dissect the fallout from FTX. On Nov. 10, White House press secretary Karine Jean-Pierre said the Biden administration would \u201cclosely monitor\u201d developments in the sector.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ftx-collapse-could-trigger-appetite-for-harsher-regulation-says-andrew-yang\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; FTX collapse could trigger \u2018appetite&#8217; for harsher regulation, says Andrew Yang &#8220; Calls for harsher regulations around cryptocurrencies and digital assets will likely grow louder in the aftermath of FTX\u2019s collapse \u2014 something former United States presidential candidate Andrew Yang said isn\u2019t conducive to making America a hotbed for blockchain innovation.\u00a0 Speaking at the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":512192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvOWJkODI0NTctZDQ5OC00NTMyLTk5Y2UtMWYxYWI3MGQ5ZWUyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74858,135234,79087,70934,6474],"class_list":["post-512191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-regulation","tag-ftx","tag-andrew-yang","tag-regulation","tag-texas"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/512191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=512191"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/512191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/512192"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=512191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=512191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=512191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}