🧵 1/5 - The collapse of FTX marked a major shift in how crypto is viewed by the public & regulators. It is unclear why but there seem to be some higher-ups who have a personal hatred of crypto. #crypto
🧵 1/5 - The collapse of FTX marked a major shift in how crypto is viewed by the public & regulators. It is unclear why but there seem to be some higher-ups who have a personal hatred of crypto. #crypto
🧵 2/5 - Institutional-grade money was promised and political capital was seemingly constructed. Now we are left holding the bags of anti-crypto propaganda.
🧵 3/5 - Many people in crypto say that no regulation is good but I don't buy into that. Regulation is good for the space, for retail investors, and for technological prosperity.
🧵 4/5 - Having a wild west environment is what enabled bad actors and we don't need any more rug pulls. But regulation can't be biased. What we're seeing now is a personal attack on crypto.
🧵 5/5 - Some sort of vendetta against crypto is unclear. Maybe they got rugged on some NFTs or some shit. What we need is clarity and oversight that benefits everyone in the long run.
🧵 Read more at: https://leofinance.io/posts/khaleelkazi/the-wild-turn-that-awaits-crypto-in-2023