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![WLFIjinye Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1857230129518252032.png) 加密金爷 [@WLFIjinye](/creator/twitter/WLFIjinye) on x 21.5K followers
Created: 2025-07-15 14:43:50 UTC

Jin Ye believes:

One of the biggest headwinds facing cryptocurrency is its history of constant collapse: FTX, Luna, Three Arrows Capital, Genesis, Celsius, QuadrigaCX, BitConnect, Mt.Gox.

Each failure has had a huge impact on the cryptocurrency industry and reduced investor trust. And each failure occurred largely because of the lack of clear regulation of cryptocurrency.

If clear regulations allowed safer exchanges to operate in the United States, offshore exchanges like FTX would never thrive because they lack internal controls and have rough audits.

If large banks can custody crypto assets, investors will not avoid cryptocurrencies because of custody issues.

If we have a bill like the GENIUS Act, Ponzi stablecoins like Luna will never exist.

#WLFI #USD1


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**Related Topics**
[investment](/topic/investment)
[cryptocurrency](/topic/cryptocurrency)

[Post Link](https://x.com/WLFIjinye/status/1945132204075704626)