As more and more of the tentacles from Alameda, FTX, and Sam Bankman-Fried are exposed within the financial system, regulators continue to be asked difficult questions in the wake of the devastation.

In a previous discussion with Protos, the Federal Reserve admitted, “Bad things can happen, even when you think things are in order.”

Most recently, we reached out to the Washington State Department of Financial Institutions (DFI), which had a much different perspective on the current state of regulatory affairs.

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