Recent Crypto ‘Bloodbath’ Is Not Necessarily Bad, Regulators Say

Crypto executives and regulators don’t often see eye to eye, but they seem to agree that the recent crypto market turmoil could prove to be positive for the industry by helping filter out unsustainable projects and bad actors.At least that was the prevailing consensus at the inaugural Point Zero Forum, an invite-only meeting of investors and policymakers that took place in Zurich last week.Crypto’s total market capitalization is about $1 trillion, down from an October high of $2.7 trillion, according to CoinGecko data.