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Axios
Axios
Business

FTX charges may do little to bring law to crypto Wild West

Crypto Sam Bankman-Fried Wild West SEC CFTC

The cascade of legal charges dropped on Sam Bankman-Fried and his collapsed empire this week will do little to dispel the regulatory fog surrounding crypto.

Why it matters: At first glance, the arrest, criminal indictment and civil charges — brought by the SEC and CFTC — against Bankman-Fried seem a symbolic end to the initial, Wild West era of crypto.

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