{"id":517678,"date":"2022-11-29T06:05:47","date_gmt":"2022-11-29T03:05:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/calls-for-regulation-get-louder-as-ftx-contagion-continues-to-spread\/"},"modified":"2022-11-29T06:05:47","modified_gmt":"2022-11-29T03:05:47","slug":"calls-for-regulation-get-louder-as-ftx-contagion-continues-to-spread","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/calls-for-regulation-get-louder-as-ftx-contagion-continues-to-spread\/","title":{"rendered":"# Calls for regulation get louder as FTX contagion continues to spread"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 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-6a3f9b2b6707e\" 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-6a3f9b2b6707e\" 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\/calls-for-regulation-get-louder-as-ftx-contagion-continues-to-spread\/#%E2%80%9D_Calls_for_regulation_get_louder_as_FTX_contagion_continues_to_spread_%E2%80%9C\" >&#8221; Calls for regulation get louder as FTX contagion continues to spread &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Calls_for_regulation_get_louder_as_FTX_contagion_continues_to_spread_%E2%80%9C\"><\/span>&#8221; Calls for regulation get louder as FTX contagion continues to spread &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNzMyMWZmOGItZTBiMS00ZmU1LThmZDMtOTQxM2M4ODFlNjVjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-b8b12140>Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry.\u00a0<\/p>\n<p>In just the last 24 hours, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an \u201cabsolute necessity\u201d for the European Union, while United States House Financial Services Committee Chair Maxine Waters announced that lawmakers will explore the collapse of FTX in a Dec. 13 inquiry. <\/p>\n<p>On Nov. 28, United States Senator and crypto supporter Cynthia Lummis described the collapse of FTX as a wake-up call for congress, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7a8e4c6e-f93b-4111-8b03-de8a2e464819\">according<\/a> to The Financial Times.\u00a0<\/p>\n<p>During an interview at the Financial Times\u2019 Crypto and Digital Assets Summit, Lummis said the bipartisan bill she introduced this year would have prevented the FTX collapse as regulators would be able to see if an exchange fell below the threshold \u201cIm<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely.\u201d <\/p>\n<p>\u201cThose are things that had they been in place for FTX, would have set off alarm bells, that would have created regulatory enforcement actions and reviews by federal regulatory agencies,\u201d she explained.<\/p>\n<p>Meanwhile, in an on-stage <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/live\/video?roomId=2114976\">talk<\/a> at the University of Nicosia as part of a Binance Meetup Nicosia, Binance CEO Changpeng Zhao said he believes regulation is a way to help the industry develop, \u201cprotect consumers\u201d and <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>ly consequences to those caught breaking the law.<\/p>\n<p>Stephanie Link a Chief Investment Strategist and Portfolio Manager at investment advisor Hightower Advisors, has called for more regulation as well, stating crypto is \u201cBroken and irrelevant\u201d until there is regulation. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Why do we continue to discuss crypto? Broken and Irrelevant. Until there is regulation.<\/p>\n<p>\u2014 Stephanie Link (@Stephanie_Link) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Stephanie_Link\/status\/1596927108076687360?ref_src=twsrc%5Etfw\">November 27, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Tom Dunleavy, a senior research analyst from crypto analytics firm Messari gave similar pro-regulation sentiment in a Nov. 28 post on Twitter, noting that\u00a0clearer regulation around crypto will pave the way \u201cfor massive flows\u201d of new investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The biggest concern institutional investors have with investing in crypto is the uncertain regulatory environment <\/p>\n<p>Clearer regulation paves the way for massive flows <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/2zBsi4AAXA\">pic.twitter.com\/2zBsi4AAXA<\/a><\/p>\n<p>\u2014 Tom Dunleavy (@dunleavy89) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dunleavy89\/status\/1597233097443102721?ref_src=twsrc%5Etfw\">November 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cThe biggest concern institutional investors have with investing in crypto is the uncertain regulatory environment,\u201d Dunleavy said.<\/p>\n<p>The crypto analyst cited the Coinbase-sponsored 2022 Institutional Investor Digital Assets Outlook Survey which found just over half of the respondents considering investing in crypto were concerned about the uncertain regulatory environment.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>FTX collapse put the Singapore government in a parliamentary hot seat<\/em><\/strong><\/p>\n<p>Last week, banking and financial services JP Morgan in a Nov. 24 note said that it expects there to be more urgency to get a consistent framework in place in the wake of FTX\u2019s collapse. <\/p>\n<p>According to the firm, regulations are likely to be imported from the traditional finance system, \u201cThus causing a convergence of the crypto ecosystem towards the traditional finance system.\u201d <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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