‘Opportunism and Demagoguery’ Fuel the U.S. Regulatory Crackdown on Crypto, Steptoe Partner Jason Weinstein Says

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U.S. regulators like the SEC and CFTC have always engaged in an “arms race” to rein in the cryptocurrency industry. However, the multi-billion-dollar collapse of crypto exchange FTX has triggered a particularly “tough” wave of crypto regulatory crackdowns, including those on prominent crypto exchanges like Kraken and Coinbase, Weinstein told a live audience in Austin, Texas..

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