Crypto collapse erases more than $1 trillion in wealth, forcing a reckoning for everyday investors

January 27, 2022

We’ve seen it before,” said Burke, co-founder and chief marketing officer of Portal, a peer-to-peer cryptocurrency trading platform incorporated in Delaware.White House officials plan to release as soon as this month a memorandum that people familiar with the matter said would span numerous topics related to cryptocurrencies.The White House effort — ongoing since last summer but first made public in a Bloomberg News report — is not expected to contain significant policy recommendations.The White House memorandum is expected to be produced by the National Security Council.Securities and Exchange Commission Chairman Gary Gensler, arguably the administration’s most aggressive advocate for tougher oversight, last week said his agency is eyeing new rules for crypto trading platforms.