It’s time to regulate crypto

The world of cryptocurrency is infamously unregulated, but what happens when a major crypto exchange crashes, uprooting almost the entire crypto ecosystem, and there’s no regulatory body in charge? You have the FTX crash of 2022. And it’s hard to ignore the elephant in the room: why don’t we have a regulation framework for crypto? It seems like an obvious solution, but as The Verge’s Liz Lopatto (@mslopatto) and financial regulation expert Yesha Yadav explain, it’s not as simple as it sounds. 

References:

Sam Bankman-Fried tries to explain himself

The collapse of FTX and Sam Bankman-Fried’s shocking downfall

How FTX played both parties and almost won Washington 

Man who cleaned up Enron says FTX is worse 

Binance to sell rest of FTX token holdings as Alameda CEO defends firm's financial condition 

Hosts:

Jonquilyn Hill (@jonquilynhill)

Credits:

Sofi LaLonde, producer

Patrick Boyd, engineer

Libby Nelson, editorial adviser

A.M. Hall, deputy editorial director of talk podcasts

Want to support The Weeds? Please consider making a donation to Vox: bit.ly/givepodcasts

Learn more about your ad choices. Visit podcastchoices.com/adchoices