Victor joins Tom and Tony to revisit the conversation on FTX. A couple weeks ago it was only smoke not fire at that time. Binance had a non-binding agreement that essentially fell apart in the weeks to come. It was a decent red flag to pay attention to.  Victor askes Tom and Tony whether they believe this is a crypto problem, regulatory problem – or in this case, non-regulatory problem, or an individual problem. An individual that chose to make some very poor decisions.

Tom believes that it is 1,000 percent an individual problem. Tony agrees that it was an individual and company problem since there is no way the founder and CEO could have done this by himself. Victor wants to know if the narrative here is to push forward the need for aggressive crypto regulation, or rather, putting in place meaningful regulation to clarify assets and more importantly securities so this doesn’t happen again. Tom believes the problem was caused by an individual and his cronies.

Could this send out the message that the entirety of this space is nothing more than a Ponzi Scheme? Is that type of rhetoric throwing the baby out with the bath water? The debate continues on today’s episode.