The same old conversations are going down about what new rules must be enacted to stop one other FTX. Whereas it’s apparent one thing must occur, expertise makes clear that the present regulatory regime isn’t effectively geared up to stop these occasions. Certainly, even when the Securities and Change Fee, for instance, did have the data and agility required to adequately regulate Web3, its attain extends solely to the bounds of its jurisdiction and, as we’ve got seen with the Bahamas-based FTX, that attain was too quick by about 150 miles.