An absence of liquidity, which is what the crypto industry will experience as several market makers jump ship, causes an increase in volatility as it takes less capital to move an asset. This, coupled with this highly-leveraged nature of crypto markets, has the potential to create a credit risk that could spread to all sectors of finance.
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...