Following the FTX crash, global regulators are in talks to implement global cryptocurrency regulation, Golden Finance reports. To prevent another FTX-like incident and protect investors and other entities, US President Biden has already expressed his views on the cryptocurrency sector. “It is critical to build public risk awareness, strengthen regulatory outcomes, and support a level playing field while leveraging the benefits of innovation,” it said in a statement. The statement further stated that ensuring that the crypto asset ecosystem, including various stablecoins, is closely monitored to mitigate potential risks to financial stability.