The cryptocurrency market crashed following the dispute between Sam Bankman-Fried (SBF) and Changpeng “CZ” Zhao, CEOs of FTX and Binance respectively. This drew the attention of the crypto community.
After a few weeks of relatively stable prices, the cryptocurrency market has become extremely volatile over the past couple of days. There has also been a great deal of drama happening out of the public eye. The apparent conflict between two crypto giants lasted until late Tuesday morning. It appears that this war is coming to a close, but many concerns remain unresolved, and the crypto market as a whole has taken a battering as a result.
The crypto community was swift to react to the FTX-Binance spat on Twitter and other forums.
Senator Cynthia Lummis, a prominent crypto advocate in the United States Senate, weighed in on the ongoing spat by advocating for more “clear rules:”
"The recent events that have transpired...
