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

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..