"The Crisis in Crypto Markets or at Individual Firms Have Spurred A Contagion"

The video discusses the importance of Ledger X in the regulatory framework, highlighting its role in demonstrating effective regulations. It reviews recent crypto market crises, such as the Terra collapse and FTX bankruptcy, emphasizing the need for customer protections and regulatory influence. The discussion extends to the limitations of current congressional authority and the necessity for closing regulatory gaps. The speaker expresses optimism about future legislative actions and stresses the importance of global coordination with international regulators.

What is the speaker's perspective on the need for Congress to act regarding regulatory authority?

How does the speaker view the importance of international collaboration in setting global standards?