Fox News Interview with Zain Jaffer: DOJ is finally arresting crypto founders who break the law
Автор: Zain Jaffer
Загружено: 2023-01-19
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Full Interview with Zain Jaffer on Jan 19, 2023 with Fox TV News Anchor Andy Mac:
Summary:
Microsoft laying off 10,000 employees only represents 5% of its global workforce and most likely a gesture that was needed to appease Wall St shareholders. As Zain has previously stated, there are two types of tech companies - those that are sustainable and those that are not. The real impact of a recession and slowdown is concentrated in smaller startups or tech companies that didn't have a sustainable revenue model.
The planned bankruptcy filings of Genesis (owned by DCG) is a serious sign of slowdown in the crypto sector as Genesis is known as one of the big 5 companies in the space. A bankruptcy as this level is akin to an Amazon or Apple of the crypto sector going out of business.
The DOJ arresting the crypto Founder behind Bitzlavo is a great step in the right direction for enforcement of companies that are violating AML/KYC rules. However, on the other than, the SEC itself needs to work with investors and the tech community to provide better guidance of how crypto exchanges and other instruments should be regulated.
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