How the FTX debacle underscores the flaws of ‘libertarian’ ideology

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Cryptocurrencies are popular on the right, from MAGA Republicans to anti-MAGA libertarians. But in 2022, the cryptocurrency market suffered a major blow when crypto exchange FTX filed for bankruptcy and criminal fraud charges were filed against its founder, Sam Bankman-Fried. In December, Bankman-Fried agreed to be extradited back to the United States to face charges. In an op-ed published by The Guardian on January 17, journalist Zoe Williams argues that there are some important lessons to be learned from the FTX debacle. One is that FTX’s downfall underscores the need for strong market regul…

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