Posted 12/11/2023, 10:01:50 AM
Crypto in Crisis as Industry Giants Fall and Coinbase Vies for Leadership
- Sam Bankman-Fried of FTX and Changpeng Zhao of Binance, once powerful crypto leaders, now face legal troubles
- Their downfall has created a power vacuum, with others competing to shape crypto's future and win over regulators
- Brian Armstrong of Coinbase seeks leadership, benefiting as crypto firms fail and touting Bitcoin's potential
- Crypto remains risky, with few protections for investors, but Wall Street sees profit potential
- Bitcoin's price is rising amid optimism that a Bitcoin ETF could bring more mainstream investment