Crypt currency exchange FTS once considered one of the most reputable exchanges in the

crypto business recently collapsed in stunning fashion.

This comes on the heels of several other recent crises in crypto,

including the crash of Terra's Luna Stablecoin

and the failure of Celsius, a crypto lending platform.

Not surprisingly, this turmoil has raised questions

about the regulatory landscape for digital assets.

I'm Allison Nathan and this is exchanges at Goldman Sachs. On this special episode we're breaking down our most recent top of my report now

available on GS.com. We dig into what the regulatory landscape for digital

assets looks like today, what it may be lacking, and how

that can be fixed.

We first speak with Marcel Kossimovich, head of research for digital investment manager

One River Asset Management. He believes that the problem with US

crypto regulation isn't a lack of regulatory oversight but a lack of regulatory

clarity. The US crypto space is heavily regulated right? You You have OF fact FinC, the SEC, CFTC, they're all engaged.

The fourth largest creditor in the Block Phi bankruptcy filing is the SEC.

They're still owed $30 million of the $100 million fine that they gave to Block V

for violating what they thought was two forms of regulation.

They had $2.59 fines.

70 of that was paid.

30 is remaining.

So the SEC is the fourth largest creditor in that filing, which is very interesting.

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