Enlightenment

Just as the Enron scandal opened up the stock market to regulation, many feel FTX’s scandal will lead to an overhaul of the crypto industry. As many felt the stock market and public companies were shady or risky before the Enron bankruptcy, the industry was opened and cleaned up afterward. Enron’s downfall also lead to the passage of the Sarbanes-Oxley Act in 2002 which tightened up accountability in public companies. This segment of the comparisons between the two companies and their scandals is optimistic though, as many are hoping FTX takes a page from the Enron scandals playbook and betters the industry with it.