Sam Bankman-Fried, The co-founder and chief executive officer of crypto exchange FTX notes a list of factors that can hurt the overall crypto market.
Furthermore, Sam Bankman-Fried says this in a new interview with MarketWatch.
More so, noting a mix of regulations, liquidations, and sizable crashes as possible threats to cryptocurrencies and digital assets.
So, Sam Bankman-Fried explains.
“I think the biggest risk is a cascade combining a big crash, liquidations, regulatory inquiries,…”
“and rulemaking that is very restrictive but together casts a…”
“really negative shadow over the crypto ecosystem.”
More so, Sam Bankman-Fried says that the United States is the only nation capable of influencing the global crypto markets. Of course, through such regulatory actions.
“That’s the storm that would be the worst, and it would almost have to involve negative US…”
“regulatory action. [It’s] one of the only countries that could cause a kind of global cooling off.”
Furthermore, Sam Bankman-Fried statements is coming after crypto market is hit with a $930 million liquidity flush. This is because of margin requirements in traders’ leveraged positions.
Currently, The platform’s token FTT is changing hands at $60.56. Ie. A 11.5% decrease from its seven-day high of $68.45.
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