Following the spectacular failure of crypto exchange FTX International, there have been renewed calls for crypto legislation (including from the industry itself).But many of the proposals so far would be worse than the status quo — at least for the general public. Crypto firms such as FTX were involved in drafting many of the mooted US bills. The exchange’s implosion should not become a pretext for rushing these into law.
Allen, Hilary J., "Beware the Proposed US Crypto Regulation— It May be a Trojan Horse" (2022). Popular Media. 480.