In the wake of the FTX collapse, calls for stricter regulations around cryptocurrencies and digital assets are likely to grow louder. However, as former US presidential candidate Andrew Yang has pointed out, such regulations are not conducive to turning the US into a hub for blockchain innovation.
On November 18th, Yang spoke at the Texas Blockchain Summit in Austin, where he acknowledged that the bankruptcy of FTX and sister company Alameda Research would make it harder to pass common sense crypto regulation in the short term.
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