“Opportunism and Demagoguery” Fuels the U.S. Regulatory Crackdown, Steptoe Partner Says

U.S. regulators like the SEC and CFTC have always engaged in an “arms race” to reign in the cryptocurrency industry. However, the multi-billion-dollar collapse of crypto exchange FTX has triggered a particularly “tough” wave of crypto regulatory crackdowns, including those on prominent crypto exchanges like Kraken and Coinbase, Weinstein told CoinDesk.