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 cross any vital blockchain legislation, a lackluster Biden administration “Financial Report of the President” with 30 pages bashing the business, the closure of two of probably 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 continued flurry of decentralized finance (DeFi) exploits in vulnerabilities, blockchain bridges failures, token costs tanking, elevated destructive public opinion, decreased institutional holdings – simply to call main illnesses dealing with the blockchain business right this moment.
