FTX CONNNNNEEEEECCCTTT | Heavy Regulation is Coming
So we're still trying to make sense of the entire FTX situation. While it initially looked like CZ of Binance may step in and "Rescue" everyone, he had asked for a week to do his due diligence on the deal, well less than 24 hours later he said Binance won't be stepping in leaving us to believe the situation is pretty ugly. Lots of rumors swirling, apparently there's going to be a lot of crazy news bout this breaking over the course of the coming days. Make no mistake, heavy regulation is coming. The powers at be don't mind if little guys like you and me get screwed or rugpulled but this involved Blackrock, large Venture Capital companies, teachers pension funds and celebrities like Tom Brady. Heavy regulation is coming.
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