Amid resounding cries for crypto regulation following the FTX catastrophe.
U.S. House Financial Services Committee Chair Maxine Waters announced a Dec. 13 inquiry into FTX's bankruptcy.
Bipartisan plan would have stopped the FTX collapse as exchanges dropped below the threshold get recognized.
Until there is legislation, cryptocurrencies are "broken and irrelevant."
Convergence of the crypto ecosystem towards the traditional finance system…