“Four lawyers said the fact that Bankman-Fried was courting regulators while taking massive risks with customer funds without anyone noticing exposes a yawning regulatory gap in the cryptocurrency industry.”
Daaaaaang! A whole industry that exists nowhere except on computers – imagine that. Now we’ll need to re-imagine the FIRE acronym (F)inance, (I)nsurance, and (R)eal (E)state), with crypto cronies busily scamming away billion$ from unwitting investors. As if the money-for-nothing people needed any help robbing the populace of their hard-earned cash.
