Co-founder of the Bitcoin Policy research center David Zell believes that, despite the negative impact of the collapse of the FTX exchange on the cryptocurrency industry, this will strengthen confidence in Bitcoin. Speaking on the television show "Just the News, No Noise", David Zell said that in the long term, the bankruptcy of the FTX trading platform will increase the level of Bitcoin acceptance.
American billionaire Mark Cuban continues to believe in the prospect of cryptocurrencies and digital assets. According to him, the collapse of the FTX cryptocurrency exchange will not be able to hinder the development of the industry.
Larry Fink, the CEO of the largest asset management company BlackRock, believes that the reason for the failure of FTX is the creation of its own FTT token. Larry Fink noted that the exchange was centralized, and therefore, its policies were contrary to the "basic principles of cryptocurrency."
The popular Shark Tank show host and well-known investor said that despite what is happening with the FTX exchange and Alameda subsidiary, he would finance the next project of their founder.
Senator Tina Smith of Minnesota said that regulators will not be able to completely ban cryptocurrencies, but the U.S. Securities and Exchange Commission (SEC) has the resources to regulate the industry.
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