After FTX collapse, pressure for tougher crypto rules to protect meltdown

Regulators must step in to protect crypto investors after the collapse of FTX, financial industry executives and lawmakers said at the Reuters NEXT conference this week, the latest call for tougher oversight of a sector prone to meltdowns.
 

Policymakers have for years highlighted the need for effective rules on the crypto industry, pointing to risks to consumers after a string of big market crashes and corporate failures.
 

But cryptocurrencies and related businesses remain mostly unregulated.
 

The European Union regulations designed to bring crypto to heel are expected to take effect in 2024, but the United States in particular still lacks