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What’s next for crypto regulations?

Exchanges

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Let It Burn - Digital Has Not Penetrated Fiat

FTX has not penetrated fiat from a systemic risk standpoint. If there were no regulatory obstinids, banks would have been involved by now for sure. The SEC basically shut down BNY Mellon's custodial solution with SAB 121. That is just biting time until you get regulatory clarity.

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