This week’s FTX collapse is “a tragedy and total failure of governance,” Blockchain.com CEO and co-founder Peter Smith told CNBC’s “Closing Bell” on Thursday, but it’s not going to sink the crypto economy by any stretch.
According to Smith, the rapid downfall of Sam Bankman-Fried’s company will accelerate a trend back towards regulated crypto institutions as well as a shift back towards individuals holding crypto assets on their own private…