Crypto is at a crossroads. After the bull market of 2020 and 2021, the industry hit a wall after FTX and several other big names folded. Regulators bristled. Congress turned cold on helping digital asset companies become normalized. The U.S. has failed to pass any meaningful legislation for the blockchain economy as competitive jurisdictions in Europe and Asia move ahead, attracting startups that once saw America as home.
CoinDesk's "State of Crypto" Week takes stock of this moment and looks at the prospects for policy-making in the U.S. going forward. Will the SEC continue to regulate by enforcement? Will courts, bankruptcy or otherwise, continue to call the shots? Who will decide what crypto's "market structure" should look like, and which organizations should oversee it? Will Congress pass a law on stablecoins, the most vibrant corner of the crypto industry?
We'll cover these questions and others this week. Stay tuned for continuing coverage.
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