FTX isn't crypto and FTX's collapse doesnt mean anything is wrong with crypto. It's like saying we should stop using electricity because Enron fraudently traded it.

Don't let the news and politicians confuse the general public who doesn't know any better. They are going to try to demonize cryptocurrency in the wake of FTX fraud. These two things are not related. FTX is a private company that didnt show what it was doing behind the curtain as it would show its fraud where as crypto is the most secure technology humanity has ever come up with. The irony in fact is that cryptocurrency, being completely transparent and immutable, can even prevent companies like FTX from fraudulent behavior if we simply require they show their wallet addresses prior to doing business with them.

The government is going to use this to come down hard on not only exchanges (that's not entirely bad) but also to use this as an excuse to force KYC regulation on crypto developers, something that is purposefully impossible to abide by. They're doing this to ruin decentralized platforms and promote FedNow (look this one up) and CBDCs. A very dystopian future indeed.

Get the word out. Explain the difference between FTX and crypto to your friends and family. Warn people about the privacy dangers and ultimate control that come with CBDCs. If you're in this sub, you likely know more than 95% of the general population. It's your duty to educate.