According to Coinbase CEO Brian Armstrong, the crash of the FTX exchange will force many states to speed up the development of a regulatory framework for the industry.
Regulation must be reasonable and all cryptocompanies should fall under it, the head of Coinbase wrote in an article published in the blog of the exchange.
First of all, the authorities need to control the issuers of digital currencies, services and exchanges for transactions with tokens. The ultimate goal is to keep investors safe. Companies issuing stabelcoins must provide access to information about the state of their reserves and management structure.