Crypto assets – how to regulate the Wild West of alt finance? The FCA speaks
In recent years the digital token and crypto assets markets have hardly seemed like models of financial probity. Indeed, they have often seemed like a space that is ripe for unprecedented levels of market manipulation, with speculative bubbles of boom and bust.
Recent events have included social media Chief Executive Officers talking up their private holdings to millions of followers online – even naming a supposed US government department after their favorite token; meme coins launched by Presidents and First Ladies; and ‘King of Crypto’, FTX Chief Executive Officer Sam Bankman-Fried, beginning a 25-year prison sentence for multiple frauds.
The list goes on, and we have only recently exited a crypto winter, with the most notorious…
