Crypto Bank Run Cost Billions: Fed Advisor Rose

The video discusses the rapid collapse of several crypto firms in 2022, including Celsius, Voyager, and FTX. It highlights the financial crisis caused by massive outflows and the lack of investor protection due to regulatory lapses. The discussion also covers the impact on traditional financial systems and the challenges in assessing the regional impact on investors.

What regulatory issues were highlighted in the context of the crypto firms' operations?

How did the collapse of FTX impact traditional financial institutions?

What concerns do regulators have regarding US investors and international crypto platforms?