FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead

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FTX fall was ‘incredibly damaging,’ crypto must foster real utility: Ripple policy lead
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The collapse of FTX has illustrated the need to shift toward “building real utility” and away from 'hype cycles' according to Ripple’s APAC policy lead.

Ripple’s APAC Policy Director has described the fall of FTX as “incredibly damaging” for the crypto space, but says the industry should stand the test of time if its focus shifts towards building “real utility.”

“The collapse of FTX is incredibly damaging for the crypto space and once again underscores the need for greater regulatory clarity.”

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