Crypto Market Crash: Crypto.com CEO Calls for Regulatory Inquiry

Following a significant market drop triggered by US tariffs, cryptocurrency exchanges saw over 1.6 million traders lose substantial sums within 24 hours. The event resulted in an unprecedented $19 billion liquidation, with reports suggesting the actual damage could be even greater. This sudden crash has sparked calls for investigations into potential irregularities by exchange platforms like Binance. Crypto.com CEO Kris Marszalek urges regulatory bodies to conduct a thorough review of market practices and examine issues including trade execution delays, transparency in price reporting, and AML protocols.