<
https://www.theguardian.com/global/commentisfree/2024/mar/28/sam-bankman-fried-prison-crypto-regulation>
"There is a palpable feeling of relief in the cryptocurrency industry.
Evangelists are preaching the good news that the industry has been purged of
the Sam Bankman-Frieds, the Alex Mashinskys, the Do Kwons and the Changpeng
Zhaos of the world. They proclaim that crypto can finally ascend from its
purgatorial, “wild west” days to become a respectable sector of the financial
world blessed by regulators and speculators alike.
That exultant attitude has contributed to surging cryptocurrency prices, which
surpassed previous all-time highs in the weeks leading up to Bankman-Fried’s
sentencing of 25 years in prison on Thursday.
This relief is unjustified, as is the faith that the cryptocurrency industry
will get better and be different. Since Bankman-Fried’s conviction, there have
been no changes that would prevent a new crypto mania just as devastating as
the last."
Via Molly White’s
[citation needed] Issue 54 – Cases continue:
https://www.citationneeded.news/issue-54/
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
