Treasury Secretary Janet Yellen called FTX’s collapse “a Lehman moment” for the digital asset industry.
“It’s a Lehman moment within crypto, and crypto is big enough that you’ve had substantial harm of investors, and particularly people who aren’t very well-informed about the risks that they’re undertaking, and that’s a very bad thing,” Yellen said at the New York Times’ Dealbook Summit, referencing the collapse of the Lehman Brothers bank that accelerated the 2008 global financial crisis.
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