After the FTX, rating agencies not regulators can help restore confidence in cryptocurrencies

After the FTX, rating agencies not regulators can help restore confidence in cryptocurrencies

This could pose a challenge for regulators given how time-consuming it is to implement regulations. For the European Union, the Markets in the Crypto-Assets framework took more than two years to create and adopt. By the time new risks surface, it will be too late to review the situation and implement defenses.