Scrutiny of major crypto institutions is intensifying

The crypto crowd is hardly known for understating its own importance. Its members dubbed the implosion of ftx, the crypto exchange which collapsed spectacularly in November, the industry’s “Lehman Brothers moment”, a nod to the enormous ramifications of the fall of the investment bank. Now they say the industry is going through its “Dodd-Frank moment”, a reference to the sprawling financial regulations that were put in place after Lehman’s collapse.