FTX Bankruptcy Clearly Needs Insurance Obligation[Opinion]| coindesk JAPAN | Coindesk Japan

There is a routine debate about what new regulations are needed to prevent a second FTX. Clearly something is needed, but experience has shown that current regulators are not strong enough to prevent a recurrence. For example, even if the U.S. Securities and Exchange Commission (SEC) had the necessary knowledge and ability to fully regulate Web3, its influence would remain within the United States. In the case of Bahamas-based FTX, its influence fell short by 240km. Mandatory insurance makes the industry safer As co-founders of the world’s first cryptocurrency and blockchain infrastructure insurance company, we seek insurance by regulators as