Could the FTX debacle transform the crypto industry?

Could the recent FTX debacle mark a significant turning point in the cryptocurrency industry? The collapse of one of the largest crypto exchanges, resulting in billions of dollars lost and a widespread loss of trust, has undoubtedly shaken the foundations of the crypto world. Will this be a catalyst for stricter regulations, greater transparency, and a more sustainable industry model? Or will it merely be a temporary setback, with investors and enthusiasts quick to rebound and continue their unfettered pursuit of crypto gains? The industry's resilience and adaptability will likely determine the long-term implications of this tumultuous event.