In the wake the FTX collapse, phone calls to regulate crypto have amplified amongst U.S. lawmakers. But carrying out so would confer legitimacy to the crypto industry, a prominent economist argued this 7 days, and that in flip could lead to much more prevalent financial destruction. Stephen Cecchetti, an economist and professor at Brandeis Global Small business School, pointed to the overall economy in just World of Warcraft, an on-line video video game with millions of players. “The strongest argument, I believe, in opposition to regulation is about conferring legitimacy,” he claimed at a crypto discussion hosted by the Brookings Establishment. “I consider of a large amount of this stuff…