CryptoLink - April 2023
In a single stroke, the March bank failures upended months of sustained efforts by lawmakers to come to a consensus on digital assets legislation. Heading into the summer, a looming debt ceiling crisis is certain to take up most of the oxygen in Washington. However, feeling vindicated in their skepticism of crypto following the collapse of FTX—and possibly by the bank failures as well—regulators such as Securities and Exchange Commission (SEC) Chair Gensler will feel more empowered than ever to continue to regulate crypto largely through enforcement actions.
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