Policymakers crank the heat on new EU crypto laws in FTX hearing

EU policymakers laid pressure on enforcing bloc-wide crypto regulations in the European Parliament’s economic committee today following the spectacular collapse of FTX. is a sufficient band aid for the implications of the debacle. “The collapse calls for urgent need of the MiCA regulation,” said Alexandra Jour-Schroeder, the European Commission’s financial unit deputy. FTX saw a dramatic demise after the collapse of its native token, FTT, a crash that affected millions of users and numerous firms. The exchange, which was valued at $32 billion at the start of the year, filed for bankruptcy protection on Nov. 11.