FTX Collapse Strengthens Case for US Crypto Clarity Act, Says Bullish Executive

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When FTX collapsed in 2022, the regulated portions of the business were the ones that survived intact. This outcome highlights the importance of clear legal frameworks governing digital assets, according to Randi Abernethy of Bullish. Traditional finance and crypto markets are increasingly converging, making consistent regulatory oversight more critical than ever. The CLARITY Act was designed to provide that oversight, but the US Senate failed to pass the legislation this week. Abernethy argues the FTX fallout serves as a compelling real-world case for why such a law is needed.

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