It’s time to regulate crypto

The world of cryptocurrency is infamously unregulated, but what happens when a major crypto exchange crashes, uprooting almost the entire crypto ecosystem, and there’s no regulatory body in charge? You have the FTX crash of 2022. And it’s hard to ignore the elephant in the room: why don’t we have a regulation framework for crypto? It seems like an obvious solution, but as The Verge’s Liz Lopatto (@mslopatto) and financial regulation expert Yesha Yadav explain, it’s not as simple as it sounds.  References: Sam Bankman-Fried tries to explain himself The collapse of FTX and Sam Bankman-Fried’s shocking downfall How FTX played both parties and almost won Washington  Man who cleaned up Enron says FTX is worse  Binance to sell rest of FTX token holdings as Alameda CEO defends firm's financial condition  Hosts: Jonquilyn Hill (@jonquilynhill) Credits: Sofi LaLonde, producer Patrick Boyd, engineer Libby Nelson, editorial adviser A.M. Hall, deputy editorial director of talk podcasts Want to support The Weeds? Please consider making a donation to Vox: bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Should I buy a house? Why do I say “like” so much? Should Gen Z bother to save for retirement? Explain It to Me is the hotline for the issues that matter to your life. Send us your questions about health, personal finance, relationships, and anything else that matters to you. Host Jonquilyn Hill will take you on a journey to find the answers, whether it's to the halls of Congress or the local bar. You’ll get the answers you were looking for, and sometimes ones you didn't expect — and always with a dose of humor. New episodes every Sunday. Part of Vox and the Vox Media Podcast Network.