
Select the culprits: The Securities and Alternate Fee (SEC), the Commodity Futures Buying and selling Fee (CFTC) and their panoply of lawsuits, the U.S. Congress’ incapability to cross any vital blockchain legislation, a lackluster Biden administration “Financial Report of the President” with 30 pages bashing the trade, the closure of two of probably the most crypto-friendly U.S. banks (Signature and Silicon Valley Financial institution), the Terra implosion and its ripple results, the FTX failure and its ripple results, the continuing flurry of decentralized finance (DeFi) exploits in vulnerabilities, blockchain bridges failures, token costs tanking, elevated destructive public opinion, decreased institutional holdings – simply to call main illnesses dealing with the blockchain trade as we speak.
