Regulators and law enforcement crack down on crypto's bad actors. Congress has yet to take action
While the scandals in the cryptocurrency industry seem to never end, Washington policymakers appear to have little interest in pushing through legislation to codify the structure of the industry.
The latest shoe to drop is Binance’s multibillion dollar settlement with U.S. authorities and the resignation of its CEO this week. Before that came the conviction of FTX founder Sam Bankman-Fried for stealing billions from customers and the implosion of smaller crypto companies that cost investors large sums of money.
When cryptocurrencies collapsed and a number of companies failed last year, considered multiple approaches for how to regulate the industry in the
