FTX policy exec says his ‘priorities haven’t changed’ amid market frenzy – Root Devices

Like crypto markets continue to fall, the world’s second largest crypto exchange, FTX, remains steadfast.

“Our priorities haven’t changed,” Mark Wetjen, head of policy and regulatory strategy at FTX, told Root Devices. “The markets will do what they will, but the reality is that the digital asset market and the digital asset ecosystem, we believe, is here to stay.”

If anything, the exchange, last valued at $32 billion, has the potential to become something of a savior for many struggling crypto companies. At least it was in the news often enough to lend some credence to this theory.

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First, FTX is expected to raise more than $2 billion for acquisitions and stakes in other companies. The company also launched a $2 billion venture capital fund earlier this year to support the creation of web3 teams.

“One of the challenges of operating in space is the relative lack of clarity.” Mark Wetjen, Head of Policy, FTX

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