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The Crypto Meltdown Could Have Been So Much Worse

November 15, 2022

The Crypto Meltdown Could Have Been So Much Worse

 

The Atlantic: “Why is the contagion so limited? I asked that question of Dennis Kelleher, a co-founder of Better Markets, a nonprofit that advocates for financial regulation in the public interest. ‘The only reason we do not currently have a financial crisis, with a crash and with bailouts, is because regulators have withstood enormous pressure to allow interconnection and linkages between the crypto activities and the core of the financial and banking system.’”

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