FTX founder Sam Bankman-Fried
(Picture: TNS)The Financial Services and Markets Bill has received its second reading. With a surprise amendment from Andrew Griffith on cryptoassets, it could prove to be a watershed moment for the crypto sector in the UK. And it couldn’t be more timely considering events in recent weeks.
The circumstances surrounding FTX has been another wake up moment for the sector, but legislators were already building a new regulatory regime before the collapse began.
