EU lawmakers claim the Markets in Crypto Assets rules, expected to be approved in 2023, would prevent an FTX-like crash, but some say the proposal needs updates (Gian Volpicelli/Politico)

Gian Volpicelli / Politico:
EU lawmakers claim the Markets in Crypto Assets rules, expected to be approved in 2023, would prevent an FTX-like crash, but some say the proposal needs updates  —  The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back.