Is Wall Street Souring on Crypto?

The 2022 crypto crash has led to significant policy concerns, with the Chicago Fed noting a classic financial crisis in a novel setting. The SEC has resisted immediate regulatory changes despite Coinbase's petition, citing existing securities laws. However, the SEC has increased enforcement actions against crypto firms, causing market adjustments. Companies like Coinbase and Galaxy Digital are expanding internationally, while financial giants continue to invest in crypto. Despite pressures, the industry shows resilience with new products and partnerships.

What was one of the main reasons for the crypto crash of 2022?

• The rise of Bitcoin prices

• The failure of FTX

• Increased investment in digital assets

• New regulations by the SEC

How did the SEC respond to Coinbase's petition for new regulations?

• By immediately issuing new rules

• By stating existing laws are sufficient

• By banning all crypto exchanges

• By collaborating with Coinbase

What strategic move did Coinbase make in response to regulatory challenges?

• Stopped all operations

• Expanded its presence abroad

• Increased trading in the US

• Partnered with Visa

Which company is moving more operations offshore due to US laws?

• Noblewolf

• Visa

• Coinbase

• Galaxy Digital

What recent development shows the ongoing interest in crypto assets?

• Apollo withdrew from crypto investments

• Visa stopped working with digital currencies

• Bitcoin prices have fallen

• German asset manager DWS linked up with Galaxy