Last week was a big week for the "crypto" industry. The SEC approved 11 spot bitcoin ETFs, allowing them to trade legally in the U.S. on Jan. 10; however, it was not without controversy.
In 2022, "crypto winter" arrived with a blizzard of fraud, overreliance on bad debt and bankruptcies. These painful events led to two things that are now being keenly felt across crypto - the maturation of the industry and regulatory backlash.
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