Carole House Advised the President on a Coordinated Federal Approach to Crypto – Most Influential 2022

Of course, in December 2022 the industry is in a very different place than it was in March, marked by failures, bankruptcies and millions of dollars worth of crypto likely lost by investors. The successive failures of Terra’s UST stablecoin, Three Arrows Capital, Celsius Network, Voyager Digital, BlockFi and FTX, and the broader collapse of the crypto market, which has lost $1 trillion in overall market capitalization since the order was first issued (and over $2 trillion over the past 13 months) touched on multiple issues regulators were already paying attention to, from stablecoins to lenders to exchanges.