Ava Labs President John Wu weighs in on recent market volatility, arguing that he believes the idiosyncratic crypto issues have 'played mostly out.'
This past year, tighter monetary policy has impacted both stocks and cryptocurrencies.
Gemini founders Cameron and Tyler Winklevoss have warned that the crypto industry is entering a "crypto winter," described as a "contraction phase settling into a period of stasis." The cryptocurrency exchange recently , citing "turbulent market conditions that are likely to persist for some time." On Friday, Federal Reserve Vice Chair Lael Brainard said the industry needs strong regulation, noting that recent turmoil has shown cryptocurrencies face the same risks as the traditional finance sector.
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