.KMSmithDC, executive director at the BlockchainAssn, and U.S. Rep jahimes, discuss the FTX_Official and binance debacle and what it could mean for the regulation landscape of crypto exchanges in future. _franvela reports
of a foreign-based company owning an exchange with a substantial amount of U.S. retail users.
“As part of that, you could have some sort of proof of reserves and guidelines around what you’re supposed to do with customer deposits,” Smith said, referring to the idea that when usersBinance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: SourceSmith’s views on regulations were echoed by Rep. Jim Himes , who was reelected to Congress in Tuesday's elections.
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