FTX CEO Says FRS Actions Cause Crypto Winter? The head of the FTX cryptocurrency exchange believes that the collapse of the cryptocurrency market arose due to inflation in the United States and an increase in the FRS interest rate. According to Sam Bankman-Fried, the FRS is in a difficult position, trying to contain inflation in the US. The largest rate hike in 30 years hit many markets, including traditional finance. Also, cryptocurrencies were negatively affected by the situation associated with the actions of several large companies - Terra (collapse of LUNA), Celsius (freezing the withdrawal of funds). Legislators regulate the market more strictly, which also negatively affects the situation. According to Bankman-Fried, the responsibility for the future of cryptocurrencies lies with many companies, including FTX. He believes that it is necessary to intervene to stop the collapse, even if these large companies were not initially to blame for its beginning. CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources . Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.