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BlackRock's Fink says crypto technology still relevant despite FTX
FTX collapse has nothing to do with crypto, ‘zero reason’ for regulation: Jim Iuorio
TJM Institutional Services managing director Jim Iuorio discusses what’s next for the cryptocurrency industry, with the FTX collapse prompting new calls for regulation.
BlackRock Inc Chief Executive Larry Fink said on Wednesday that there appear to have been "misbehaviors" by the now-bankrupt FTX crypto exchange, but that the technology behind crypto is relevant for the future.
"We're going to have to wait to see how this all plays out (with FTX)," Fink said. "I mean, right now we can make all the judgment calls and it looks like there were misbehaviors of major consequences."
He made the comments at an event hosted by the New York Times DealBook, adding he believes that most crypto firms "are not going to be around" in the future.