The courtroom drama of FTX founder Sam Bankman-Fried’s trial for securities fraud is, in many ways, a sideshow to the more significant developments that are taking place in the crypto market behind the headlines.
Cryptocurrencies are continuing their expansion and evolution, often outside the control of governments and banks, while regulators around the world are struggling to find ways to tame this “wild west” technology and bring it under control. In the wake of the FTX collapse and other financial scandals, tighter regulation of crypto seems inevitable, though what form that will take is currently up in the air.
