"Powell stresses self-regulation crypto" as the industry faces heightened scrutiny, especially following CZ's admission of Binance's AML violations. Powell's call for self-regulation aims to improve the crypto industry's reputation amidst various allegations against leading exchanges like FTX and Binance. These include misusing investor funds and bypassing AML rules. He views the ongoing investigations as an opportunity to answer critical questions about rapid growth and the avoidance of consequences, emphasizing the importance of transparency and accountability in the sector.
