Bear Market a Chance for Crypto Businesses to ‘Pivot,’ Chainalysis Says

Following TerraUSD’s demise, the general consensus among policymakers is that crypto needs more heavy-handed rules Still, Chainalysis’ Todd Lenfield sees opportunity to grow legitimate businesses in a fast moving industry Despite a contracting crypto market, blockchain analytics firm Chainalysis believes the recent fallout presents an opportunity for budding businesses, especially when it comes to bolstering the industry’s image in the eyes of the law. In the wake of TerraUSD’s collapse in May, several regions worldwide moved to clamp down on what they perceived as a systemic threat to global financial stability posed by stablecoins and crypto. Lawmakers also sought to

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Author: coinmaker