Select the culprits: The Securities and Trade Fee (SEC), the Commodity Futures Buying and selling Fee (CFTC) and their panoply of lawsuits, the U.S. Congress’ lack of ability to move any important blockchain legislation, a lackluster Biden administration “Financial Report of the President” with 30 pages bashing the business, the closure of two of essentially the most crypto-friendly U.S. banks (Signature and Silicon Valley Financial institution), the Terra implosion and its ripple results, the FTX failure and its ripple results, the continuing flurry of decentralized finance (DeFi) exploits in vulnerabilities, blockchain bridges failures, token costs tanking, elevated adverse public opinion, decreased institutional holdings – simply to call main illnesses dealing with the blockchain business as we speak.
