What Does FTX’s Downfall Mean for the Crypto Industry?

In less than a month, crypto-billionaire Sam Bankman-Fried went from industry leader to pariah. His cryptocurrency exchange FTX has filed for bankruptcy, with the filings listing more than one million creditors impacted. The formerly $32 billion dollar company is now the target of investigations by the Securities and Exchange Commission and Justice Department; Bankman-Fried is facing public scrutiny amid allegations of fraud. We’ll talk about the allegations against Bankman-Fried, where the crypto market stands and what we can learn from this moment. Guests: Margaret O'Mara, historian of the modern United States, University of Washington Hilary Allen, professor of law, American University Learn more about your ad choices. Visit megaphone.fm/adchoices