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CoinDesk
How Crypto Advocacy Must Change Post-FTX Collapse
Unfortunately, over the last 12 months the failure of centralized finance platforms such as Three Arrows Capital, Celsius Network, BlockFi, FTX and Genesis [a CoinDesk sister company] has seriously hurt the industry’s reputation. While the financial impact is likely transitory, the shift in public perception of the industry has changed the ground rules for crypto advocacy. Whereas advocacy in 2020-2022 focused on legal arguments and political bargaining, advocacy in this new court of public opinion requires a far more thoughtful and measured approach.