CoinDesk Report Triggered FTX Collapse But Site Still Believes in Crypto Despite SEC Crackdown

CoinDesk published a report in November 2022 that exposed problems at FTX and led to its collapse, but CoinDesk still believes in crypto.

The SEC is cracking down on the crypto industry in the wake of the FTX scandal, suing exchanges like Binance and Coinbase.

Michael Casey argues crypto regulation needs a nuanced approach that doesn't treat all tokens like securities.

Crypto promoters believe decentralized systems powered by blockchain can counter big tech's control of personal data.

The future of crypto may see traditional banks and funds dominate via regulated instruments like ETFs.