Decentralized Exchanges and Cryptocurrency

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Bonsen: SBF was able to get away with this because he cultivated a do-good smokescreen. He says that whatever regulatory regime exists, it needs to be applied even handily to all kinds of securities. Those who want crypto to survive as a credible market are going to have to decide if they want digital assets to grow up and become part of the formal trading world said Bonsen.

As the fallout from the FTX cryptocurrency scandal continues, the exchange’s embattled 30-year-old founder, Sam Bankman-Fried, has begun making the media rounds defending his actions. The company is facing legal consequences as tens of billions in digital assets have been wiped out — and around $2 billion in client funds are still unaccounted for. Daily Wire culture reporter Megan Basham digs into the what led to FTX’s downfall and what the wider impact might be on the financial markets. Get the facts first on Morning Wire.