There is a chance that crypto becomes more regulated as a result of this massive fallout. The government really wishes they had paid more attention a year ago. There are some like good pieces of the technology and I think those will be fine You know go back to 2001 like a lot of the dumb companies got washed out.
With the collapse of one of its largest exchanges, crypto’s having its very own Lehman Brothers moment. Semafor’s Liz Hoffman explains the repercussions for the real world.
This episode was produced by Miles Bryan and Amanda Lewellyn, edited and fact-checked by Matt Collette, engineered by Paul Robert Mounsey, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts
Learn more about your ad choices. Visit podcastchoices.com/adchoices