Crypto is like the ‘World of Warcraft’ economy, and legitimizing it with regulations would hurt the financial system, says economist

In the wake the FTX collapse, calls to regulate crypto have increased among U.S. lawmakers. But, a prominent economist argued this week, doing so would confer legitimacy to the crypto industry—and that, in turn, could lead to more widespread economic damage. Stephen Cecchetti, an economist and…

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