Shadow banking by crypto exchanges will continue to wreak financial havoc after FTX

Quartz – In a story about the collapse of Crypto exchange FTX, Healthy Markets President & CEO, Tyler Gellasch is quoted saying “It’s possible that the FTX crash could accelerate the regulation of crypto exchanges as securities exchanges. This would require crypto exchanges to no longer be brokers or lenders in addition to being exchanges, and the SEC would choose what types of cryptocurrencies are listed on the exchanges.” (Full Story).