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FTX Fallout and the Future of Crypto with Hilary Allen
Manage episode 389150108 series 2910996
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The last time we discussed cryptocurrency on this podcast in April 2022, both the economy and the technology sector were in very different places. Right around that time, inflation really began to accelerate, peaking at 9.1% year-over-year in June. The Federal Reserve pumped the brakes and hiked interest rates 5% in a 4-month period. The entire cryptocurrency market essentially collapsed by the end of 2022 - including several high-profile failures like the FTX exchange.
In November, the release of OpenAI's ChatGPT initiated the most visible phase of the generative AI arms race, and crypto faded into the background of public consciousness as a new tech hype cycle took over.
But crypto has not disappeared, and the Federal Government has yet to conclusively settle the most important questions concerning cryptocurrency regulation.
To discuss what went wrong, why this all matters, and what we should do next, The Buzz is joined once again by Hilary Allen, Professor of Law at American University.
You can listen to our first conversation with Hilary here.
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Intro/Outro Music: Focal Point/Young Community
Courtesy of Epidemic Sound
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