Cryptocurrency firm FTX’s fall pains industry, but Texas stays optimistic PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Cryptocurrency firm FTX’s fall pains industry, but Texas stays optimistic

FTX’s bankruptcy has been a painful setback for the industry. But many legislators, investors and enthusiasts remain believers in making Texas crypto’s top destination.

In the aftermath, consumers and investors have lost billions of dollars.

But he and other ATX DAO members remain believers in crypto and blockchain. “The actions of a few at FTX do not speak for and do not represent the values of what crypto is actually about,” Padilla said. “There’s something really special about this technology, there’s something really special about this community. We’re really working to do something good.”

Several Texas politicians have shown similar sentiment.

“There’s going to be a lot to unpack”

“We knew the bankruptcy was coming based on events during that week and interactions with different witnesses in different aspects of our investigation,” Rotunda said. “But it’s one of those things where you see it, and it becomes so very real.”

“We have work to do”

Link: https://www.texastribune.org/2022/11/21/texas-crypto-blockchain-ftx-bankruptcy/

Source: https://www.texastribune.org

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