.BankofAmerica says regulatory frameworks for the cryptocurrency industry are critical for mainstream adoption By willcanny99
FTX and its affiliated trading firm, Alameda Research
“An increased urgency for regulation may enable greater institutional engagement, and a shift in focus from speculative trading to projects with real-world functionality and companies with roadmaps to profitability may accelerate industry maturity,” analysts Alkesh Shah and Andrew Moss wrote. FTX’s collapse has refocused attention on the need for regulation that “creates a transparent legal framework for digital assets; fosters technological innovation; provides consumer and investor protections; and mitigates financial stability risks,” the note said.
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