Several spectacular recent debacles have left the crypto world reeling, including the collapse of the FTX exchange over a year ago or the current unfolding of Binance, not to mention the legal actions against the founder of the first and the co-founder of the second.

In this article for The Times, Keith Oliver and Amalia Neenan discuss the two collapses above and how the exemplify the fight that has been raging on between regulators and the crypto world ever since the mining of the genesis block of the first bitcoin.

They also discuss the current momentum to bring about legislation to create order and how a sector built to avoid third-party oversight will, in the long run, benefit from safeguards being in place and for regulators to have a role in shaping the market.