Binance exec says plunging crypto valuations make people ‘more realistic’
— Weeks, Rise, Exec, Recent, Winnowing, Binance, Realistic, Crypto, Plunging, Sophisticated — 1 min read
Recent crypto downturn may have damaged institutional investors' confidence in the sector. But it may ultimately give rise to a more grown-up industry. Ari Redbord, head of legal and governmental affairs at TRM Labs, described collapses and job losses as “a winnowing out of less sophisticated projects” But he said it was “winnowing’s out of ‘less sophisticated’ projects. But he added: “It's not a game changer. It's a big step up the way the industry is going to be built up. It will be a step further down the way it has been built up,” he said. For confidential support call the Samaritans on 08457 909090 or visit a local Samaritans branch or click here for details. Source