Editorial Board

Thanks to FTX, Regulating Crypto Should Be Easy

The bubble is deflating. A few fixes should keep it from becoming a threat again.

December 22, 2022 at 1:00 PM UTC

By The Editorial Board

The Editorial Board publishes the views of the editors across a range of national and global affairs.

Thank you, Sam.
Photographer: Mario Duncanson/AFP/Getty Images

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As the demise of the FTX crypto empire unfolds — on Twitter, in bankruptcy proceedings, in congressional hearings and potentially in criminal court — lawmakers and regulators are grappling with a question: What, if anything, should they do to civilize a market so rife with abuse?

A few simple fixes should suffice.