After the SEC's recent actions and failures of FTX, Celsius, and Luna, Republican lawmakers proposing a crypto market bill is a jarring gift to the industry (Hilary Allen/Financial Times)

Hilary Allen / Financial Times:
After the SEC's recent actions and failures of FTX, Celsius, and Luna, Republican lawmakers proposing a crypto market bill is a jarring gift to the industry  —  Republican proposal for new legislation would legitimise the digital asset industry and undermine investor protection